Trade ideas
longmultiple resistance zone on 1D tf if break and sustain might go for new highs
enter above 1056 (enter after confirmation candle only)
SL- 1021 for intraday basis , 960
for long term
targets open 1100, 1150, 1200
w pattern on daily tf
we can say double bottom
for education purposes
HCLTech - Elliott wave analysis - C of ABC flat correctionIt is in sideways flat correction, where C wave is in progress. The 2nd subwave is bouncing and go higher before it starts 3rd subwave down towards 900 level. The 1053 level is invalidation level for the set up.
HCLTECH correlation with the result dateSo this correlation explains that
Almost 85% of time before results HCL rises in uptrend about 4-10% BEFORE RESULTS.
Almost 75% of time after results HCL falls 5-10% immediately after RESULTS. 25% time it can continue uptrend.
There is one case when HCLTECH was in deep downtrend before results , then moved to uptrend after wards.
So, currently HCL is trading at 975 , nifty is side ways , what do you think this will be proven correct again ?
A bullish hammer. HCL Tech has formed a bullish hammer today. Extremely good sign. People can invest in this stock as this has lots of potential to go ahead. This candle shows strong buying at the lower levels.
HCL TECH HCL TECH can give a good up move as it was trading in a range and it is given breakout and also restested the level.. Expecting a good move upside..
Quarterly results and HCL tech movement the 5% stockHere I have checked correlation between HCL tech and Quarterly results announcements. It seems it is very easy to catch 5% movement.
HCL tech bearish engulfing RSI negative diversionHCL tech bearish engulfing RSI negative diversion, Rising wedge flag pattern break down all sign of bearishness it may fall to main support level
HCL Tech moving out of after strong consolidationNSE:HCLTECH has sustained the medium-term support of 935 and is heading upwards.
The closest conservative target is 956 and 2nd target would be 975 which is also the previous peak.
Timeline for it is 4 days i.e. 11 June
The stock also looks set to touch the 1000 mark again but would take its time.
Buy HCLTECH for tgts 954/975/1006/1053Buy hcltect for targets 954/975/1006/1053 SL 890 on closing basis
