HCLTECH head & shoulder pattern possible breakout

May 24

Good rounding bottom inverted H&S pattern in HCLTECH weekly timeframe. Above 1360 it will start giving good rally. Focus on this for next couple of months this can give good returns. News can trigger this move. And positive news already there today.

Keep this in mind. Options is a dangerous instrument to play. Please do not go wild on anything unless you know exactly what you doing. Even though your direction is right still you tend to loose in option buying. And market can always prove me wrong and i take that rights too. Experience traders also fail in this market. Only risk management will give you an edge. Don’t take any trades without SL. Respect the market, Ungli nahi katoge to pura hath katna padega. Beware.


DISCLAIMER: I AM NOT SEBI REGISTERED ANALYST. ALL POSTS ARE EDUCATIONAL PURPOSES.NON ADVISORY, DISCRETIONAL NO CLAIMS, RIGHTS RESERVED. I AM NOT RESPONSIBLE FOR YOUR PROFIT OR LOSS.

May 24

Note

Still not active. Should hold one day above 1360 mark.

Jun 16

Note

ready for 1700. Mark my words.

Jun 18

Note

target2 done. going ahead smoothly.

Jun 21

Note

It should stick above 1450 then it can go further up.

Jun 25

Trade active

Always bullish above 1440.

Jul 13

Note

Good bounce from 1360. Now above 1560 it will be active only otherwise it should consolidate here.

Aug 28

Note

There you go. full target hit.

Aug 29

Note

waiting on the higher level for next jump.

Sep 15

Trade closed: target reached

all targets done in this stock.