This is an advance trade. Wait for the setup to unfold and do not rush. Buy at suggested levels.
We are looking at a return of over 20-25% in 3-6 months, only if the buying is at the level advised and SL is respected.
I will be happy to answer any queries.
Hope is not a strategy, so use common sense!
HCLTech Breakout after 8 months after ups and downs with in the range.
Backing up with reasonable volumes week and week, can be considered for long term investment.
Above analysis is my perception - and do your own analysis before investment
This is HCL 1D chat. the stock has been trading in triangle pattern and finally given break out. it might be an opportunity to go long (green line ) or there can be momentum loss also (red line).
In my opinion the stock deserve to bet upon.
and you guys can take trade as per your risk apatite.
The stock has reached lower trend line and took support and is ready for a reversal rally. Trade is supported by brokerage calls and major supports before SL levels. Target is placed near all time high with a risk reward ratio of 1:1.
The above analysis is done purely on basis of Price Action & Chart Patterns.
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study before entering into any trade. Traders must trade...
DATE: 25 MAY 2021
TIME FRAME: DAY
BUY ABOVE: 945
STOP LOSS: 921
TGT 01: 959
TGT 02: 986
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Please consult your personal financial advisor before investing.
We are not responsible for your profits/losses whatsoever.
Leave a comment that is helpful or encouraging....
Swing long recommended ---> stock is at good support @ 900 Tgt of 930 -> 980 -> 1000
NO Stoploss great stock ..--> keep in holding also Special option strategy can be deployed
+1 * 880CE
-2 * 910CE
+1 * 1010CE
-1 * 1030CE
+1 * HCLtech Futures
this at good price will give a downside profit of 1800 but will capped profit to 21K