HCL Tech Major Resistance BONSE:HCLTECH
Buy near 1060 -1070
SL closing below 990
T 1110, 1140, 1155, 1180
HCLTECH
IMPORTANCE OF SUPPLY & DEMAND | HCLNSE:HCLTECH
🔴 Stock market and the price action is all about how the market had reacted to the past behavior and the emotions of the buyers and sellers...
🔴 so, once you have the clear view about the previous trading sessions,
🔴 with that past behavior of buyers and sellers it may help us to predict what is gonna happen in the future with the price...
🔴 When you know the importance of supply and demand you can trade with the clear view of the market moves....
🔴 when the strong supply zone breached or engulfed it is supposed to act as a demand zone in the future.....
🔴 In the same way when demand zone engulfed it may act as a supply zone, it is known as flipping zones or SR flip...
🔴 DISCLAIMER : This is just for educational purpose. Do your own analysis.🔴
HCLTECH has given good closingNSE:HCLTECH has been able to give closing above 1060 levels today. This time it looks like we'll be able to see 1080 levels.
HCL Technologies: Intraday AnalysisHCL Technologies forming a symmetrical triangle on 15 Minute chart and simultaneously taking support from the Demand and Supply Zone which was previously acting as resistance but now turned into support on multiple occasions.
HCLTECH - BullishTriple Top
VCP Pattern
Buy only above 1065/70 (if breaks with High Volume)
Sl below 1035 CLBS
HCL Tech breaking descending triangle pattern HCL tech making descending triangle pattern in 15M chart. Breaking this pattern can give a good breakout either side, probability of breakout is upside and i can easily break its previous high of 1072.
Reasons of breakout :
1. It had broke its 1045 level on 5 august which was a resistance and being tested on 15 jan, 8 apri & 25 july.
2. Making a descending triangle pattern in 15M chart.
3. 1045 resistance converted into great support after reversal.
4. 200 days EMA being a good support near 1045 support level.
HCLTECHAll charts/views posted here are for educational purpose only. We are not responsible for any of your profit/loss.
HCLTECH - Near ATHHCLTECH should close above 1070 for an upside movement in short term. Swing traders should watch this level. SL 1020
Hcl Technologies: Symmetrical Triangle breakoutHCL Technologies broke out of a Symmetrical Triangle formation on the 15-minute chart.
Has already retested the Symmetrical Triangle and simultaneously taking support from a Parallel Channel trendline.
HCL Technologies: Ascending Triangle formationKey Highlights:
-Moving in ascending triangle
-Testing the previous swing high(Most probably it will fail to breakout)
-Bullish Market structure
-Buy only above 1055 if there is volume expansion
Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
HCL Tech - Sleeping Gaint Awakening ???Most under performed IT Index Stock
Now its time for HCL to move
Above 1070 one can go long for
Target of 1200
SL : According to your Risk Appetite
Can hold for long term also
HCLTECH can show 1050 once moreSome profit booking was seen in the morning in NSE:HCLTECH but buying emerged and it is able to regain it's opening levels. If it closed above 1025 today as well then we can expect 1050 levels once more and this time it can cross as well.
HCLTECH showed a great move and showed 1050 levels today onlywe discussed about NSE:HCLTECH yesterday that it can show 1020 levels but it showed 1050 today only and closed above 1020. Momentum is about to come because it had already reversed from 1050 thrice.
TECHM RISK REWARD POSITIONAL PLAYTECHM
result will be announced on 29 july
stock trend is up
today shown move recovery from lows of approx two percent
holding imp level of 1100 mark
also stock is sideways from 3 days after a good upmove 3 day back !
i see trend continuation in stock going ahead
HCLTECH is again ready to show 1020NSE:HCLTECH has been able to save it's 1000 levels. Now it can show 1020 levels soon.
HCL TECH GEARING UP FOR A BREAKOUT At 891.40 levels we can see that its taking a beautiful support with 4 touch points , and 1045 level acting as a strong resistance with 3 touch points . we can also observe that a Symmetrical triangle pattern has been formed on the daily chart.
