INDIAN IT INDEX & STOCKSHELLO ALL, GOOD EVENING,
VERY INTERESTING MARKET CLOSED DEEPLY NAGATIVE,
DESPITE OF GLOBAL & INDIAN MARKET, IT SECTOR IN POSSITIVE.
Accenture results good, but guidance given some low comparitively less than
last quarter. it sector going to anounce jan 12 start with infy.
just check TCS, INFY & HCL THESE
1.Closed above moving avg
2. fibb retracement done & going up ward direction
volume supporting
keep on eye IT STOCKS
HCLTECH
HCL Technologies Ltd - Trendline Support + Just a View📊 Script: HCLTECH (HCL TECHNOLOGIES LIMITED)
📊 Nifty50 Stock: YES
📊 Sectoral Index: NIFTY IT / NIFTY 500
📊 Sector: Information Technology
📊 Industry: Computers - Software & Consulting
Key highlights: 💡⚡
📈 Script is trading near at its support level which is around 897.
📈 RSI is nearby to its Oversold zone.
📈 script may bounce back from its support level keep an eye on it.
📈 Fundamentals are also strong, one can buy on dips for long term.
📈 if it start moving upward first target will be 990 , Always maintain your Risk & Reward Ratio.
⏱️ C.M.P 📑💰- 895
🟢 Target 🎯🏆 - 990
⚠️ Important: Always maintain your Risk & Reward Ratio.
⚠️ Purely technical based pick.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat🔁
Happy learning with trading. Cheers!🥂
Happy Navaratri 🕉️ 💃🏻🕺🏻
HCLTECH - Trade for next weekAs seen on the chart, the support from the Volume profile indicator has been breached on Weekly and Daily Timeframes. A huge red candle has engulfed the previous days candle and the gap up could not hold as well.
HCL looks bearish and the targets are
TG1 - 1114
TG2 - 1074
The above is for educational purpose only.
Best buy zones for #Bottomfishing in #HCLTechnologies Good Buy Zone: 950 - 1073
Best Buy Zone: 805 - 950
Add on bounce, not while it is falling.
Long Term Portfolio Stock.
Tracking Quantity can be taken at CMP. (Tracking Quantity : Suppose you want to Invest Rs.X in a particular stock. The amount between Rs.X/5 or Rs.X/10 would be tracking quantity) (‘Tracking Quantity’ of a stock in your portfolio will help you keep a track of the stock if it is coming in the indicated buying zones.)(Sometimes Out of sight goes out of mind so buying tracking quantity of stocks that you want to add in future helps.)
HCLTECH LONGHcltech bounced back from a huge support zone. Tracking this stock from few days back but forgot to update it..
Still good time to enter this stock with decent returns.
Trade safe. Manage risk. Be profitable.
Disclaimer :- This is just my view. Please analyze charts yourself and then decide to take any trades.
Double top in HCLTECHWe are witnessing a double top in NSE:HCLTECH . It gave a breakdown on 27th Jan but on 28th price recovered a bit (as of writing this). If price fails to move up much from here and gives a close below the neckline again then it could be a good shorting opportunity for nearly 20% down move as per the height of double top formation. Keep an eye!
HCLTECH - Bullish Head & Shoulder - Intraday/Short term tradeThe analysis is done on 15 min TF hence price may take a couple of days or more 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 & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
Rising wedge in HCLTECH on a 15 min tfhcltech had created a gapup due to which selling can be seen and a rising wedge is forming
1st entry for short can be created below closing of 1258.50
with tg of 1246
2nd entry below 1246 with target of 1230
keeping sl trailing as per risk appetite
disclaimer: this post is not an investment or trading advice
please consult your financial advisor before deploying any capital
pls drop down your doubts and comments
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