HCL Technologies stock is forming a triangle pattern on weekly charts. This pattern indicates that the stock is consolidating and could be ready for a breakout. If the stock breaks above the 1200 level on the weekly chart, it could see further upside movement.
HCLTECH took good support at it´s previous highs ~900, and in fact made a double bottom over there. The Jan - April downward movement of the overall market also had little pressure towards the downside.
Trading near the confluence of 2 trendlines, and taking support consistently above the upward trendline, the odds of hitting the previous ATH ~1360 and making...
As per my analysis, NSE:HCLTECH has given a breakout of downward trendline. Now there could be a buy opportunity if price retest level of 1160 with stop loss of 1125 (-35 points risk). My expected upside target would be 1180 (+20) and 1202 (+42).
Note: This is my personal analysis, only to learn stock market behavior. Thanks.
NSE: HCLTECH is closing with a bullish consolidation breakout candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 13% gain...
HCLTECH on day candle is nearing breakout showing bullishness on ascending triangle. Once the triangle breakout, for target 1210 and then 1350. Positional hold.
After Trendling breakout after retest than entering!
Target price 1048 These are swing idea's which you can add your watchlist and analysis for yourself.
Keep on radar.
Potential upside stock!
price broken the trendline strongly and now it tested the trendline....
if price fall or continue move upwards....
will looking for short entry....Will update once it is reversed.
HCLTECH
Everything is clearly mentioned on the chart it self.
Breakout of the supply zone plus lower price rejection at 200 ma while retesting the level.
As I am writing this the market is highly bullish and global market sentiment is also highly bullish.
Thank you.
Observations::
This stock is in uptrend...now its near demand..look for buy.
A strong bullish momentum is observed from this zone...1180
it has taken support from this zone multiple times...
now again it is at the same zone....
look for buy side...
weak momentum to the bottom side is also observed.
if we see a strong fall is observed from this zone 1196...
it will...
HCLTECH Weekly Timeframe Breakout
hcltech From few days follow pettern and after long time breakout weekly timeframe so upside big target expected. current price 1165.15 and next target 1272.
all level is perfect work so carefuly trade this IT stock
