HCLTECH
HCL TECH | ANALYSISLooks good for a quick option.
Take trade as per the values given in Fibonacci. always trail the stop loss. do your own analysis before taking trade
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#ENDURANCE CMP1577.90 #Target 2085 #NIITLTD #QUICKHEAL #TCS #IT#ENDURANCE
LONG TERM INVESTMENT
NSE: ENDURANCE
CMP 1577.90
Target 2085
SL 1447
Profit 32%
Can Hold For Long Term
Factors:
ROUNDING BOTTOM PATTERN
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
HCL TECH - Trade Setup (Monday)The stock is in consolidation phase, where a swing trade setup is been spotted on the daily chart.
The price action firstly made a double bottom on the previous support indicating buyers strong hold on that price range, indicative of buyers buying at support again to swing the prices up. Hence providing a low risk swing trade setup on daily chart.
T1- 950 I SL - 920 I Duration: 1-3 days
T2 - 970 SL - It may vary depending on the correction once T1 is achieved
T3 - 990 I SL - It may vary depending on the correction that will happen once T2 is achieved
HCL Future Trading:
1 Lot - 700
Margin - 1.5 Lac
T1 - Profit 14K (10%)
SL - Loss 7K (5%)
HCLTECH - Bullish ReversalThe last resistance of 900 is acting as new support which has been successfully sustained and retested 3 times.
Again a bullish reversal is seen from 900.
CMP - 945
SL - 900
Target 1 - 1040
Target 2 - 1075
Target 3 - New all time high
If trendline resistance is broken then a new all-time high can be seen which makes this trade great from the perspective of risk to reward.