HCL Tech is one of the leading IT companies quite similar to Wipro and Infosys.
It seems it has reached the trendline support and shown a healthy bounce of 4% in 4 days
The share dragged because of lower than expected quarterly earnings and PE wise, it is trading at 27 while TCS, Infosys and Wipro are between 34-36 region.
TCS has made a similar pattern as well...
Key Highlights:
1. Bullish market structure on HTF
2. Broke above the horizontal level
3. Untested demand zone below
4. Just above 200 MA on daily TF
Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
Rajat Kumar Singh (@johntradingwick)
NSE Certified Technical & Fundamental Analyst
NSE:HCLTECH
#NSE:HCLTECH live trade shared and resulted, details shared for reference !!
All the results are live and posting daily for your practice,
I got few personal messages saying that they receive my charts from their friends, thanks to all who are doing it.
When we receive these type of response we will try to deliver more
HCLTECH important levels for long term investment
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
1. Previous Trend line Resistance acted as support
2. Now on Short Covering zone
3. Breakout Entry - Daily Open & close above 1196 (or) Weekly Open & Close above 1185
4. Retest Entry Zone (1120 - 1132)
5. Stop lose - Below 1090 - Weekly close (or) Daily open & close
DIP CHAHIYE THA SABKO AB BUY KARO DIP MIL RAHA TOH..
SIMPLY BUY AND RELAX..
TRADE wisely.
WE CAN JUST PREDICT.
Disclaimer: I am not a SEBI registered advisor , so before entering on my view plz ask your SEBI Registered Advisor . Profit is your and loss is your.
PLEASE LIKE AND SHARE IF YOU AGREE WITH THE IDEA
Can correct till the support line and the 100% retracement levels of fibonnaci.
Bears can go ahead and sell for targets of 1100-1070. Bulls and investors can wait till it takes support at the given levels of 1070.
I hope you can now see how HCLTECH represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the...
NSE:HCLTECH
Observations:
1) On Daily time frame, It just closed at 10DMA.
10DMA is placed at 1172.09 level range. If it sustain above it then we can see an upmove.
Please refer below chart : 1 day Time Frame.
1200 level is major breakout level.
1180 is immediate resistance.
Please refer below chart : 1 day...
NSE:WIPRO
#WIPRO trading in range and trying to BO 660 levels.
Post confirmation may try 660 CE 655 SL.
Today many Option levels, Cash trades, Nickel, Copper resulted and shared, possible beginners may have a look for LEarning experience.
Happy Trading.
Having a lot of expectation for this stock to move upside. There are lot of confirmations on charts, However I am not plotting them on charts neither disclosing for now.
The probable targets are 1242 & 1273 in short term. Rest all will be updated afterwards in update idea section.
Chart & Analysis - Adarsh Dey
LOGIC,LEVEL AND TARGET WELL MENTIONED IN THE CHART
NOTE -The above interpretation from the chart is my personal view and doesn't guarantee any success.
(Do talk to your financial advisor before making any investment decisions)
please like, share and comment if you have any suggestion regarding this analysis.
![HCLTECH: Simple Trade Setup | HCLTECH | 15-11-2021 [ INTRADAY]](https://s3.tradingview.com/x/Xnz5ZxLT_mid.png "Simple Trade Setup | HCLTECH | 15-11-2021 [ INTRADAY]")
