We can see that HCL was in consolidation and broken the neck line and now it is expected to move up and a easy trade for intraday purpose. Please follow our telegram channel for further updates UG MARKET. Please do your own research before taking a trade. Buy above- 584.3 T1-588, T2-591 T3-592 SL-578.9
Observed that HCLT Tech now is at Support Zone. Other Price Action also confirming the bullishness. Volume also is HIGH (more than average)
I am in opinion that it is not just glitter - morethan that
Hope to achieve targets.
Anyway what markets wants to give us is ultimate...!!!
Please make sure that you consult your Financial Advisor before taking...
Key Levels for HCLTECH Search >>> OPTIONSCALLFREE on Telegram for more updates
Please trade with caution and consult your financial adviser before trading.
This is how IT Stocks act they just keep on trending and will move up,up,up.
These IT stocks are gems (TCS, INFY, HCLTECH, TECHM,WIPRO) and must have in your portfolio.
Do SIP in these kinds of stock apart from investing in Mutual Funds.
IT industry will grow no matter what happens. If in doubt see the progress of US IT companies (MSFT, GOOG, FB)
I am not going to write here everything but you can ask in comment section if you have any query.
Let's take one look for the big picture.
Primary trend is up and strong.
On this stock, the timeCycle offers much accurate use.
As per the timeCycle, this is a perfect time short this stock 593.55 nearby. The price is...
Here HCL Tech is in Supply Zone.
But I have Bullish view point on above "594.15" close 1 day basis;
Target : 620, 650, 700+++
SL : 575 Close Base.
Risk is yours and Reward is too yours.
" Supply Zone will become Demand Zone for HCL Tech if close above...
ACCORDING TO ME BLUE LINE WAS BROKEN UPWARDS ON CLOSING BASIS BEFORE NOW IT CAME DOWN TO THIS SAME LINE TO RETEST IT NOW IT MUST TAKE SUPPORT ON THIS LINE BUT ONCE THIS BLUE IS BREACHED WITH GOOD CANDLE NOT HAMMER ONE CAN GO SHORT OR BUY PUTS ALSO I HAVE DRAWN BEARISH FLAG :) LET IT BREAK UPSIDE OR DOWNSIDE WAIT TILL THEN
NOTE: TRADE AT YOUR OWN RISK
AS WE CAN SEE IT MOVING BETWEEN CHANNEL LINE SO NOW LOWER LINE IS TOUCHED IT MUST GO UP NOW TARGET IS GIVEN WITH ARROR MAKE SURE PRICE DOES NOT CLOSE BELOW CHANNEL LINE ON CLOSING BASIS IN 15 MINUTE CANDLE
NOTE: TRADE AT OWN RISK INTRADAY IS RISKY