Now HCL formed cyclic double bottom and completed W pattern. Also completed retesting zone.. time to perfect entry with stoploss....
Price - 931.40 Dt. - 19.05.2021 The stock seems bullish after falling on the average result. The stock closed right above the 21 DEMA and near the support line. It looks like the 21 DEMA can cross 50DEMA from below in few days. HCL Tech can go up to the resistance line placed at 1010 giving a nice 8% return on investment.
Buy at current levels ! Put strict SL as indicated in the chart
HCLTECH took support and it is now going up. Expect a profit near 10 percent.
HCL is at crucial level can give a good move above 926
Last we seen after touch of 200 EMA from July to Jamuray stock has bullish. Now again near to 200 EMA. Bounce/sustain from weekly demand zone. Entry should be between - 893-886 according 1:2 trade can be manage. Entry-893 SL-871 Target - 980
HCL TECH EQUITY levels ...18/05/2021 (D candle)
AS WE OBSERVE DOUBLE TOP ON HCL TECH IF TRADED BELOW THE NECKLINE AND BELOW 895 WE CAN SELL FOR 1ST TARGET-850,2ND TARGET-800 WITH 1ST STOP LOSS AT NECKLINE 910 AND 2ND STOP LOSS OF 925
nice reversal around 900. now the resistance is 922 after that it may go around 970/1000 with the support of 900.
HCL TECH Movement depends on the Monday market ( Nifty) movement. Disclaimer - Only for educational purpose.
It 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...
One can intitate Buy position in HCLTECH with target of 925 and 950
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. Learn Apply Grow. ******whatever charts or levels sharing here are just for educational purpose only not a recommendation....
Buy @ Below 910 SELL Target 1 :- 921.5 (AFTER 921.5 YOU CAN MAINTAIN TRALING SL and MAXIMIZE YOPUR PROFITS)
For Education purpose only HCL technologies Buy above 923 Target- 1000, 1080 SL- 890 Below 890 Target- 800 SL- 915 Dtd 8th May 2021