HCLTECH
HCLTech RSI Divergence in 1 hour ChartIt has been observed that there is a divergence in RSI in this stock. But surprisingly this stock is standing below the resistance line which was strong support sometimes back.
Here we are in two confusions.
will it break the resistance and go upwards.
or shall it take the declining parallel channel to go down.
The magic will show us by RSI regarding the direction which is secondary.
The Important thing is which way it will be profitable in lesser time.
What I understand is if it goes upwards then it will stay rangebound and slow-moving as the locational +ve Beta of RSI is very low.
But if it goes down where I find a good probability due to the high -ve Beta of RSI and support line of RSI setup does not look strong due to negative price action.
So Plan your Trade wisely...
🎯 #Hcltech #niftyit #nifty #nifty50 #banknifty #niftybank NSE:HCLTECH
As one can see stock at harmonic PRZ one can long from this level with the stop loss as mentioned on chart. please do your own analysis as well before trading or investing.
Be Independent Trader.
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******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
#ABAN FLAG RETEST #BREAKOUT #STOCKMARKET #R:R>3 #IT #TECH #NIFTY#ABAN
NSE:ABAN
CMP: 31.30
Target: 50++
Stop Loss: 26
Time Frame: less than 2 months.
Might hold above 50.
Factors:
Rising Volume with rising Prices.
Channel Median breakout.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher High & Higher Low.
Broken above resistance.
Trading at support.
Fundamentals are strong.
Risk Return Ratio is healthy.
And
Bullish Wedge Formed.
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With 💚 from Rachit Sethia
ZENSAR TECH #IT for short term🎯🎯Buy @260-70 range 💰💰
no need of sl,if u have patience u can hold it.
trgt 300-350-400++🎯🎯
🧩the stock in a major/strong support zone ,can see the price is respecting that area that's why we shared this entry.
🧩a company with good funda.
🧩IT stocks publishing not much good result,so technical base it's a good entry,dont know about it's result.anyway i am expecting a good return in 3-6 months.
🧩the stock perfectly respecting the uptrend channel ,@260-65 range there are 2 supports
✔ fisrt one strong horizontal support
✔ second one uptrend channel support
🧩anyway i feel it's a good time to enter.
1 day frame👇👇👇respecting the uptrend channel 🔥
if u r investing study then invest.thanku
guys,🤨
please like💢💢comment💢💢support