Having a quick gander at this one and it looks like the price discovery is still on going .
think another 2 days before this flag or possible descending triangle play out either way
SL 611
targeting just shy of 700 however we might just go up further ..
A declining wedge is formed so when the stock breaks out of it should hit those black lines which can be used for targets, Stop loss can be kept seeing the breakout keep the big momentums candle low as stoploss
NSE:HCLTECH
IT Sector is in buzz, also results are there in coming days, hence it seems to be in upmove.
It can be entered with a sl of 594 for targets of 613 and 623, and beyond that further upside.
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Hi all,
Its...
#HCLTECH is moving under rectangle box and near to upper breakout. Today stock gain Volume more then 20VMA. Stock is moving above 200SMA and 200EMA both.
Showing Bullish in all indicator:
Increase in Relative strength - Benchmark Index
CCI above +100
RSI is trending UP
MFI is trending UP
ROC is trending UP
Stoch in overbought
MACD crossed above signal...
Hcltech at the breakout point of 2 pattern.
Cup and handle
Pennant
Go long if its cross 556 on the closing basis on Monday
Support and resistance given on the chart. Cheers
NSE:HCLTECH
As per price and volume we can clearly see strong rejection of higher prices. Daily chart is showing sideways trend.
As per the trend of higher TF HCLTECH looking good below 527 as per 30M chart for short with Sl above 537. Both entry and exit closing basis.
I am looking for targets of 515,506 in coming trading sessions.
