HCLTECH
Rally for HCL Tech?HCL Tech has just given a breakout after forming a rounding bottom. Call options can be bought.
HCL TECH GOOD TO BUY...AT THIS LEVEL...HCL TECH CHART LOOKS GOOD....
CMP 858
TGT 870 , 890 , 910+++
COMPANY ALMOST DEBT FREE.
COMPANY HAS A GOOD RETURN ON EQUITY.
COMPANY HAS BEEN MAINTAINING A HEALTHY DIVIDEND PAYOUT OF 18.13%.
COMPANY'S MEDIAN SALES GROWTH IS 19.49% OF LAST 10 YEARS.
BUY HCLTECH DEC 900 CE
CMP 17
TGT 25++
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HCL - Upward Journey BeginsAt CMP of 843 we can expect 5-8% upmove in a couple of weeks or even 1.
Target of 907
SL - 820
Indicators - Trend Line and Stochastic fast crossing over slow
HCLTECH forming a channelIt has been respecting its support and resistance. The levels of trading have been mentioned. We can go long if there's a gap up opening or breaks the level with a good momentum. Consolidated between 0.5 & 0.618 and gave a breakout.
#HCLTECH still strongIn the previous idea, it was suggested that the scrip might move up if sustains above 860, but it opened the gap up and couldn't hold above 860 and collapsed. Now, if sustains the current levels, there is a possibility to move towards mentioned above targets.
Link below.
Regards
HCLTECHNSE:HCLTECH
ON DAILY CHART,FORMED A FLAG PATTERN
PRICE IS GOING DOWN ON DECLINING VOLUME.BEARISH CANDLES HAVE SOME VOLUMES THAN BULLISH CANDLES
PRICE IS ALSO CURRENTLY TAKING SUPPORT ON TREND LINE
NOT CLEAR WHETHER PRICE WILL MOVE HIGHER OR NOT COZ OF VOLUME ACTIVITY INSITE FLAG PATTERN
IF INCASE PRICE BREAKS 872.5 ON EXPANDING VOLUME ,THEN BULLISH RUN WILL CONTINUE
HCL tech is consolidating very wellHCLTECH has consolidated with reduced volumes.
NSE:HCLTECH
A breakout from the consolidation would resume an uptrend which preceded the consolidation.
Stock Analysis of HCLTECHPrice - ₹855 Dt. - 09-11-2020
Price is moving in range between ₹810.55 to ₹905.20. Stock closed in red and took support of 21DEMA. It looks like stock may come near 50DEMA, which is right below the support line. If stock bounces back from support line than it will be a buy signal.
Hcltecha. Zone: Strong Bull
b. Resistance 1: 886.85
c. Resistance 2: 904.05
d. Support 1: 817.95
e. Support 2: 809.30
NSE:HCLTECH
HCLTECH forming a flag patternOnce gives decisive breakout above 860, it can touch 875/885/895.
Regards
HCLTECH Long idea for Intraday (Monday) HCLTECH gave Trendline breakout and gave closing above it. Crossing 860 level will be good upside move towards 870 levels
keep this in watchlist
HCLTech#hcltech followup... Broke the levels of 820 and closed at 814... more pain ahead if sustains below this level...
