Uptrend Channel pattern breakout in HCLTECHHCL TECHNOLOGIES LTD
Key highlights: 💡⚡
✅On 1Hour Time Frame Stock Showing Breakout of Uptrend Channel Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 1660+.
✅Can Go Long in this stock by placing a stop loss below 1595-.
Trade ideas
New Journey for HCLTECH ?Stock gave perfect retest after breakout on a WEEKLY chart : Also stock has posted massive results which will result in upmove .
Entry - cmp or 1469
SL - your risk ( max - 5% )
Target - 1628, 1783
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I am not a financial advisor or SEBI registered.
This is just a view.
Please DO YOUR OWN RESEARCH before investing in any stock.
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HCLTECH NSE:HCLTECH
One Can Enter Now !
Or Wait for Retest of the Trendline (BO) !
Or wait For better R:R ratio !
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low.
2. R:R ratio should be 1 :2 minimum
3. Plan as per your RISK appetite and Money Management.
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
GUD RANGE BREAK OUT ON MONTHLY TIME FRAMERange break out in HCL tech . in monthly as well as weekly time frame . if this month close in positive. it is range break out of 8 months. it may have gud upside target. first target will be at all time high.
SL for swing 1090.
only one problem is this that it sector not supporting its moments.
Double TOP ?Clearly We can see Double Bottom With RSI Divergence and follow up of price Action
Same Thing in Double Top But waiting For some Clarifications.
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