HCLTECH
HCLTECh on uptrend can take for long entry.On all TFs HCL Tech is on bullish mode & trading above the 50 EMA level. Now this stock is at the weekly BO level. so we can take long entry above the level of 595 for the target price of 620. Once the stock sustain & maintain the level we can see the new high of this stock very shortly.
So add the stock in your watch list to see the further price action movement.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .
infy trade setup stop loss targets and personal views infy i see the stock shown underperformance as compared other stocks and added to it not shown much to help index in the recent upmove
now as index is 1000++ point up in 4 /5 days
a pullback cnt be denied
thus the responsibility to hold comes on shoulder of non perforforming counters
HCL Tech under selling pressure We can see the bullish trend has been seen in the charts of HCT Tech . Now as per the mark trend line break down short entry can be taken for the next level of 555. once the stock break the level of 553 we can see more bullishness in stock & below 540 level can be seen. So add the stock in your watch list for further action.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .kindly follow & like for more educational ideas.
HCL Tech is at resistance - PCR is ~0.7HCL closed at strong resistance. Looking at PCR of 0.7, there is high chance that it may go down from this point. Weak for intraday, otherwise I am bullish on stock from fundaments - P/E is less than industry average and overall NIFTY IT is doing good.
Let's see how it goes tomorrow. I will short.
HCL Long (Result Impact)HCL Test Supply Zone and Fail
Expect Fib Retrace 50% and Also Waiting For Result
(Quality Stock) Entry Minimum Price
Disclaimer:
The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade.
I am not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
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All glitters are Gold if .....*conditions applyObserved that HCLT Tech now is at Support Zone. Other Price Action also confirming the bullishness. Volume also is HIGH (more than average)
I am in opinion that it is not just glitter - morethan that
Hope to achieve targets.
Anyway what markets wants to give us is ultimate...!!!
Be positive
Please make sure that you consult your Financial Advisor before taking an action based on this analysis.