Breakout by Bluechip #bbbBreakout by Bluechip #bbb
HCLTECH gave breakout from this pattern with avg. volume and we saw a retest with good volumes.
High volume than the breakout candle.
This is not a good indication.
Retail traders may get trap at higher levels.
Waiting for the strong indication of bullish trend is the best option for now.
Nifty is near all time high.
I will not expect higher target at this levels.
But thinking to capture a small swing scalp with strict stoploss.
This post is for information purpose only.
HCLTECH
Simple Trade Setup | HCLTECH | 03-09-2021NSE:HCLTECH
Trade Setup for Date 03-09-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level tomorrow.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
HCLTECH had been showing great rally for the last few daysAfter a long time of consolidation NSE:HCLTECH has been able to finally show it's real strength. It's been showing a good rally that can continue for some more time followed by some consolidation. 1150 is a good level for the people who bought it around 900.
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.🔴