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.
Hello, It look like HCLTECH is in uptrend but currently at resistance level and since last few days running sideways.
Probability of respecting resistance is higher as bearish harami pattern was formed on 22nd March '19. In my opinion, good exit point for swing traders.
What is your opinion?
As the Indian market favors LONG based on the Fibonacci Re-tracement Technically,
Script Name: HCLTECH
Date of Analysis: 15-APR-2020
Buy Level: 468.00
Target Level: 504.40
GAIN PIPS: 708
Good Uptrend channel in WEEKLY, poised to breakout of previous High. With very good Results on 17-Jan , a good move upside is possible which may continue.
