IT is retesting its 50 EMA area
wil it sustain is the question
Majority of counters like TECHM, PERSISTENT, HCLTECH, NAUKRI etc witnessed a downmove in the week gine by
with result on the way, woul be fun to watch what IT has in store
Stock Name - Hcl Technologies Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 1257
#This is not Buy and Sell recommendation to any one. This is for...
NSE:HCLTECH Analysis on a Daily Timeframe!
Entry = Above 1775.35
Stop Loss = Below 1144.10
Target = 1203.45
Disclaimer = All my analysis is for Educational Purposes only. Before entering into any trade -
1) Educate Yourself
2) Do your research and analysis
3) Define your Risk to Reward ratio
4)Don't trade with full capital
Over the last 10 months HCL TECHNOLOGY has shown a remarkable upward trend, consolidating into decent triangular pattern. Last week it breached its trend line and indicating a good potential move. If the market remains Bullish, there is strong possibility this will outperform.
If market favors, this stock is more likely to show a decent move as it is still down...
On the daily chart of HCL Technologies, we can observe a strong breakout above a resistance zone that was tested multiple times. Following the breakout, the price has pulled back to the flip zone, presenting a potential swing trading opportunity.
For an entry, it is advisable to wait for the close of a strong bullish candle near the flip zone before going long....
Buy HCLTech above 1157, Target 1189 - 1200 and SL of 1133, Short term trade. Reason for trade, Price has taken rejection 5 times from supply zone (see the chart supply zone - 1148 to 1156). Once breakout above supply zone, we can see target of 1189.
Please Note I am not SEBI registered advisor, this is just my view and is for educational purpose. Please consult...
In today's trading session, HCL tech gave the breakout of the resistance line. We can see a consolidation before a breakout. it is a single that this breakout can sustain above the breakout zone. Let's see the game.
Disclaimer - I am not a SEBI-registered technical analyst and advisor so contact your financial advisor and make a self-decision. I will not be...
Note: This is for educational purpose only. Please do not trade based on this. I am not a registered SEBI professional. These are just views for study purpose.
There seems to be a pullback post break out in HCL Tech. Moreover, the RSI and Relative strength is in bullish zone. There is a build up near resistance as well.
SL: 1100
Chart -> HCL Tech Daily
Breakout of 4 times resistance.
CMP: 1168
Good Range To Buy: 1150 to 1170
Target: 1215, 1275, 1360
SL: 1130 Daily Close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
