in hcl we see a pennat pattren an will sort and long trade in it, after the retest of breakout and breakdown, this content is basically uploaded for learning and educational purposes only.
Here are the levels for the HCL tech stock for swing trades. price formed a inverted head and shoulders we can take the trade once the neckline is break and on the retest w e can enter with the volumes confirmation. here the stock is in downtrend so take the profit at 1150 level.
TIP: always buy the at low and sell at high.
Here I mention only the high...
IT INDEX is showing good momentum
hcltech is being strongest in this fall and recovery
hcltech will cup and handle breakout...its not proper but can be termed as it
cup and handle breakout
cmp1146.15
sl 1102
target 1430
another week close above 1146 will give confirmation
for shortem trading
cmp 1146
sl 1105
target 1234 1293
trend based fibonacci...
HCL Technologies Limited is an Indian Multinational information technology (IT) service and consulting company. Negatives of the company are declining cash from operating activity annual and MFs are decreasing stake. Positives of the company are no debt, zero promoter pledge, improving annual net profit, improving quarterly net profit, FIIs are increasing stake...
HCL TECH : CMP 1134
SUPPORT : 1010-1030
TGT : 1215/1305
IT index is going to support the NIFTY as most IT stocks is showing similar trends, Our pick is in this segment is HCLTech CMP 1134 has good support at 1010-1030 which is 50% retracement of recent high 1149 and about to breach the high and is heading towards 52wk high 1215 and if we consider Ellliotwave then...
The stock price has formed Bullish rounding bottom formation on the daily chart with volume rising along with the price rise. IT sector has been outperforming in the current market scenario and same is expected to continue.
The stock is placed above all important moving averages. Indicators and oscillators have also been showing strength in the current uptrend....
Day chart of HCL TECH where
Resistance zone is 1150
Support zone is 1010
Strong support zone is 870...
If you get help from this chart then don't forget to LIKE and COMMENT.
NSE:HCLTECH
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!
