HCL Technologies investment opportunityAttractive valuation, strong fundamentals, Low RSI, Fibonacci support level, 100 days moving average support level.
Perfect time to start accumulating the stock for long term.
HCLTECH
Hcl is going to rise soonerHcl is going to give a breakout sooner
Once it break the line it can go upto 1000 or more
Taken support on 30 minutes time frame.It's time to move up now if S3 not broken.
targets and support on the chart.
What is Channel Chart Pattern?
Channel Chart pattern is a type of technical analysis in which the price movement is contained between the two parallel trend line and it is very easy to notice this pattern in real charts.
Channels basically work on support and resistance. It consists of the following parts:
1.Upper Trendline: It serves as a resistance in the pattern. It is a straight line and at least have 2 points, the more the better. When the price touches the upper trendline, it can be used as a selling signal.
2.Lower Trendline: It is also a straight line and has at least 2 points, the more the better. It serves as a support in the pattern. When the price touches the lower trendline, it can be used as a buying signal.
HCL TechnologiesIt may retrace upto 920 Level. But looks attractive for BUY.
STOP-LOSS & TARGET all would be updated afterwards.
Chart By - Adarsh Dey
HCL TECH : LONGStuck in 960-973 range, might show an upward move if it crosses 973 with good volume.
Keep an eye -_-.
Note : Only for educational purposes not a trading advice
HCL Tech NSE trading @ 928.35
An amazing script for Investors.
HCL Tech has been in an uptrend since March 20 and doesn't look weak in anyway.
An expected correction has been happening since 13th Jan 21 but the candles have been taking support along the trend line since 31st Jan 21.
We can consider this correction as a 'Continuation Bullish Flag' and expect a very strong bounce back soon.
First resistance can be seen at 1020 levels after which HCL Tech might go on to touch new highs above 1070 levels.
RSI looks a little weak but one strong bounce with good momentum will change the trend on RSI as well.
Major IT company- a short candidatethis is first such company i found to be a good short candidate while tcs is making higer highs and higher lows on daily and weekly chart! this is for educational purpose and not a recommendation
NIFTY IT-analysis for the weekwatch IT in this week.
expecting a good up or down movement in the stock.
and IT may give good intra opportunities in this week
so keep watching guys.levels explained in the chart.
thanku
Positional :-Flag breakout done on daily chartbuy above 876 , Target 910, 970, 1000, 1050
stoploss 800
infy daily frame short sell short term trading idea STOCK now after good upmove
dual top
below 20 dma
a short on bounce with 1347
short area 1318 to 1330
target area 1252//1247//1230///1190
HCLTech look bullishCan buy future with Stop-Loss of 915/910 for a target of 1020 or even 1040.
The candles have crossed and are holding above 20EMA
The pattern is very close to support which is 100day EMA and the trend is positive.
HCl tech | inverted Flag & stock is looking to take support 🎯⭕ Swing Trading opportunity ! Daily Chart Alert !!!⭕
--short below974.60 = or CMP
--Target = 925 or trendline touch
--Stop-loss = 1009
--R:R =1.39
--Expected Profit = ( 5% )
--Expected Holding = 15 days to 1 Months only
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⭕Technical Reasons to trade or Strategy applied :- ⭕
1) hcltech has formed inverted flag O looks weak
2) it can possibly take trendline support to bounce back again
3) volume is good enough
4) simple method is applied here
Guys check out the related ideas as well, it will worked really well !!
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✍COMMENT Below your view !
HCLTECH - Time to book profits ?? #HCLTECH #HnS #TLSupport Watch out for coming days. If doesn't bounce of the Trendline can go up to 950 levels
Recovery in HCL TechnologiesHCL technologies has just taken a support from the upward curve. We may see an upward move in the upcoming days and stochastic RSI suggesting the same. Long options can be bought.
HCLTECH- Long Cup patternHCL TECH.
Forming a cup or rounding pattern for a target of 1000. One can enter once the slanting trendline is broken
Breakout in HCL TechnologiesHCL Tech has today given a break out. We can buy call options. It is at its 52-week high
