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HCL

#HCLTECH at the strong resistanceScrip 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
NSE:HCLTECHShort
by yogi_sharma_elliottician
16
HCL Tech NSE trading @ 928.35 An amazing script for Investors. HCL Tech has been in an uptrend since March 20 and doesn't look weak in anyway. An expected correction has been happening since 13th Jan 21 but the candles have been taking support along the trend line since 31st Jan 21. We can consider this correction as a 'Continuation Bullish Flag' and expect a very strong bounce back soon. First resistance can be seen at 1020 levels after which HCL Tech might go on to touch new highs above 1070 levels. RSI looks a little weak but one strong bounce with good momentum will change the trend on RSI as well.
NSE:HCLTECHLong
by virralthakkaar