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.
HCLTECH
HCLtech | Trendline Support Zone & descending Triangle Pattern1> HCL is respecting support zone & trendline zone as well.
2> Take SHORT entry only after breakdown from both the support area .
3> Target = 730 ( downside )
4> Lot size =1400
5> Avoid false breakdown by entering after retracement
6> Descending Triangle Pattern , IF breakout happens then enter after retracement for upside
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HCLTECH reacting to levelsDisclaimer: It is my point of view. I will not be responsible for any profit or loss made by the trader. Do take trade on your own responsibility.
Description: HCLTECH Broke the triangle pattern and fall from that level after retesting the same levels, it started falling. The horizontal lines drawn are the support/resistance levels.
HCL Tech | Buy Its Fresh All Time HighHCL Technologies is primarily engaged in providing a range of software development services, business process outsourcing services and IT infrastructure services. The company has generated EPS of Rs 10.80 during Q1FY21 as against full year EPS of Rs 40.73 which is ~26% of full year EPS. Considering the Covid lockdown the performance during Q1FY21 was good. The stock had hit fresh ATH level of 880 last week. With strong management commentary and tailwind in the industry Q2FY21 results is expected to have positive impact on stock price.