HCLTECH trade ideas
HCLTECH--Short term Bearish look??Observations::
After a strong fall from resistance price slowly reached the resistance again and starts falling.
we have demand zone in the range 1105, price will test that demand zone,
initially look for buy @1105 level,for 1130 range only.
if another demand zone @1135 resist price fall is more,and will reach the bottom zones at 1070 levels.
Keep track this levels...
HCLTECH--1155 Or 1110Observations::
clearly the stock is trending upwards,
previous resistance @1150 is acting as resistance again.
previous resistance @1110 level, broken strongly. if this again acts as support price again bullish.
If price is failed to create a new HH and breaks 1125 zone,
go for selling up to 1110 with a retest or pullback.
previous resistance may acts as support, recently price moved from this level with strong consolidation.
Fake breakout may happens at 1155 zone, keep track this levels.
HCLTECH
Make falling wedge chart pattern in 4 hour time fram , RSI and MACD saw fair value , 50 cross 100 EMA from below also take support of 50 EMA , make retest at breakout level so first Target will be 1157 and stop loss will be 1093.15
This is for educational purpose not a trading advice so that's my view comment down your view.
HCLTECH--Good to sell @1100-1120 zone??Observations:
---->> trending upwards.
----->> we have a trendline support as well.
------->>Keep track this level @1120 will again push the price to lower levels.
------>> previous support level @1070 level holds again it will turn to bullish up to 1150 range.
HCLTECH | Swing Long | R/R = 6> This will be a slow mover. Any stock which retraces so much will usually move slow
> one of the strongest IT stock (technically) and part of NiftyIT index
> This will inevitably depend on the IT & Nasdaq index.
Note: InvestIn10 would ride this till Momentum exists. The Target & SL are for Swing Investors only.
HCL TECH Here are the levels for the HCL tech stock for swing trades. price formed a inverted head and shoulders we can take the trade once the neckline is break and on the retest w e can enter with the volumes confirmation. here the stock is in downtrend so take the profit at 1150 level.
TIP: always buy the at low and sell at high.
Here I mention only the high probability trades only. as intraday trader you can have multiple entries and exits according to your setups.
DISCLAIMER: This is my own analysis and you do your own analysis before you take any trade and I am not SEBI registered and contact your financial adviser before taking any trades .I am not responsible for your profit or loss. This is only for educational purpose and learning.
comment below if you have any doubts.
HCLTECH BREAKOUTIT INDEX is showing good momentum
hcltech is being strongest in this fall and recovery
hcltech will cup and handle breakout...its not proper but can be termed as it
cup and handle breakout
cmp1146.15
sl 1102
target 1430
another week close above 1146 will give confirmation
for shortem trading
cmp 1146
sl 1105
target 1234 1293
trend based fibonacci extension
cmp 1146
sl 1102
target 1293 ; 1448
HCL Tech Consolidating and ready to launchHCL Technologies Limited is an Indian Multinational information technology (IT) service and consulting company. Negatives of the company are declining cash from operating activity annual and MFs are decreasing stake. Positives of the company are no debt, zero promoter pledge, improving annual net profit, improving quarterly net profit, FIIs are increasing stake and Dividend Yield of the company at current Market price is 4.48%. Entry in the stock can be taken after closing above 1118. Target in the stock will be 1139 and 1158. Long term target in the company can be 1210+. Stop Loss should be maintained at a closing below 960 Monthly Closing.