yogi_sharma_elliottician

#HCLTECH at the strong resistance

Short
NSE:HCLTECH   HCL TECHNOLOGIES
Scrip name- HCLTECH
Position - Bearish

```````````````````

Technicals-
1. Forming a hypothetical HNS pattern
2. Strong resistance at the marked zone
3. Volume explanation on the chart. Although, this is not the exact textbook example, but who wants that anyway!
4. My little understanding towards market structure and price action.

Do understand, many times the scrip goes deep into the marked zone, so if bounces, look for selling opportunity in the zone or if crosses above the zone, do not go short and neither go long.

--------------------------


Targets-

TP1 - 903
TP2- 880
TP3 - 854
TP4 - 827

------------------------


Also, please understand the entry and exit you have to find yourself according to your strategy.
Maintain 1:3 RR minimum with target 1.

If you like my efforts and ideas, do give a like and comment to motivate me.

Regards



Order cancelled: Bounced and crossed the mark, will look for some other time

Comments

i am looking upside with target 1100
Reply
crossed the resistance
Reply
super sharing idea🎉🎉👍
Reply
@Future_Trading, thank you
Reply
shukr ka bhagwan ka........ HCL gaya upar.. pichele 8 saal se jab HCL kharida........ early exit kar gaya, never made profit....... finally invested my heaviest this time, 2 lakh rs in cash..... best Q3 results... I hope for a targt of 1200
Reply
Ked do ki ye jhooth hai..........nahiiiiiiiiiiii ... aisa nahi ho sakta. :P Mera HCL...
Reply
@mukeshsingh92, hahah, don't worry Idea is not cooked yet, chances dono side hai.
+1 Reply
Gotledu yogi_sharma_elliottician
@yogi_sharma_elliottician, Certain things are dandy when over cooked :)
Reply
@Gotledu, because it tastes better :)
Reply
Gotledu yogi_sharma_elliottician
@yogi_sharma_elliottician, bang on! Again, you are right and I am bullish on this :)
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out