HCLTECH Daily Bullish Bat & GARTLEY strong potential reversal zone
VERTICAL DOTTED LINE is Ultra high volume down bars - trap of Smart Money
Higher volume-Professionals are buying into the public selling
Earlier Bat Pattern given good reaction on Type1 entry i.e REACTION & Hit TARGETS
now price is again in PRZ Zone of Pattern Therefore it becomes a TYPE2 Entry which is REVERSAL
Within 3-5 price bars need the confirmation from a Bullish CANDLE with RSI ABOVE 30
POTENTIAL BUY
HCLTECH trade ideas
HCLTECH Price bouncing from 900 levels.
now trading above 50EMA on 30 min timeframe.
Unless it is holding marked trendline it will be in buying momentum.
No doubt its a premature entry however it is forming a pattern for a big swing trade.
Note: it has to trade above 50 EMA and take support at trendline.
This is just for an educational purpose.
HCLTECH near to strong support for reversal. Best Zone for Buy.- HCLTECH near to the strong support for reversal. Best Zone for Buy & hold.
- Joint Venture with Hitachi-ABB could be the reason for push upside in upcoming days from support level.
- Watch our next Target support level and resistance level fro entry and exit according to your target price.
- HCLTECH still continues to see large delivery positions.
- Delivery Position (05-MAY-2021 EOD ) : 46.08%
To motivate me, Please like the idea and follow If you agree with the analysis.
Happy & Safe Trading!
Vijay Singh