HCL tech Can go down from here. First stop will be 806In weekly charts RSI is very high.
Bearish Engulfing pattern formed with heavy volumes.
As per Fibo Retracement 785 should be on the cards..
Trade ideas
Triangle pattern breakout tomorrow -15 minutes chartWatchout for triangular pattern breakout tomorrow.
HCLTECH - Intraday/Very Short Term TradeThis analysis is purely based on price action.
The analysis is on 15min TF hence target can be achieved in intraday trade or in couple of days
Trade strategy is explained in image itself. Don't run after the price.
Always plan your trade & trade your plan
Keep trailing SL accordingly once entered into the trade. Due to US-Elections, Extreme volatility is expected in IT Stocks hence trade cautiously.
Trade at your own risk and money management
Feel free to comment for any queries & suggestion
HCLTECH - Elliott wave analysis - choppy HCLTECH - It has completed ABC flat correction as the part of complex WXY. Now X wave is in progressing. So wait for X wave to finish higher around 880 or above. Thereafter Y wave will again start bear cycle downside.
Give thumbs up if you really like the trade idea.
HCLTECH (NSE) - Elliott wave analysis HCLTech - It is in C wave down in ABC cycle after impulse cycle ended at new high. Sell with stop loss above 892.20 in bounce near 870-80 zone with small quantity for target up to 820-800 lower.
HCl tech SellHCL tech CMP 812.75 Stock is looking weak now n can see 800/780 levels..Invalid if closes above 850..Any rise can be used to sell till 840..
This is Positional View
HCLTECH - INTRADAY CUP & HANDLESee the image for strategy.
Trade with your own risk and money management
Feel free to comment
HCLTECH - Intraday Trade SetupHCL Tech CMP – 860
Looking bullish . One can go for Intraday Trade with the following entry, exit & targets
Buy ONLY between 863 - 865 / Stop Loss 855
Target 1 - 870
Target 2 - 875
Target 3 – 880 / 890
Note: This is my view and for educational purpose only
HCLTECH (NSE) - Elliottwave analysis HCLTECH (NSE) - It has completed impulse cycle in 4 hr time frame. It dropped in A wave impulse and need to bounce from current level. wait for B wave to bounce to sell with stop loss above high. B wave may take time before it reverse.
Give thumbs up if you really like the trade idea.
hcltech positional or swing trading targets Previous targets are achieved, now time for the some next one's.
As of now the HCLTECH has a good news with a real good earning this quarter, lot of positivity, as the brokers also expect upto 80% move from these levels, but the patience is the key in the market. so wait for a proper reversal signal at the 50% fibo. levels , the market can retrace upto 782-792 levels and can potentially reverse from there on. so wait for a good signal formation, and take the trade accordingly
If holds the above mentioned levels then the target could be
T1- 900
T2- 960
T3- 1020.
SL- could be around 750
NOTE- do not take the trade until any clear candle formation at the fibo levels mentioned above.
HCLTECH (Intraday/Short Term trade)This analysis is purely based on price action on naked charts.
This trade is for intraday or very short term positional trade.
Trade Strategy is given in image itself with ENTRY, TARGET & SL
*Trade as per your own risk & money management*
Feel free to comment for any query or suggestion
HCLTECH - Intraday Trade SetupHCLTech – 849.55
Looking bearish and one can go for Intraday trade with the following entry, exit & targets
Sell range 850 - 842 / Stop Loss 857
Target 1 - 840
Target 2 - 835
Target 3 – 830 / 825
Note: This is my view and for educational purpose only
hcltech positional or swing trading targets hcltech looks very bullish, and in the recent past has recorded a bullish break after a consolidation. it has formed a bullish penant formation in the three hourly chart, so one can go long after the break of black line with a potential target of the green line that is around 900.
HCLTECH (NSE) - Elliott wave analysisWelcome guys,
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HCLTECH (NSE) - It has complted impulse from major low as shown in chart. It is at the point, where it can probably reverse down and correct the up move, which will need further confirmation. If price broken up above 845, then the 5th wave will extend further and go higher. But if it is broken down below 783, then it will go down up to 660 or even lower. So keep eye on both level to take next trade.
Give thumbs up if you really like the trade idea.
