HCLTECH
HCLTECH | Trendline playing the important role
go as per the chart
CMP = 832.65
lot size = 1400
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HCL TECH LONGHCL TECH is in PBZ. A green candle is being formed today bouncing from an important zone. If today's' candle is sustained, one can enter long according to the WWL setup. Target should be according to STM method and SL can be below today's candle low.
HCL Tech is giving an RR of 7Please follow these rules before taking a trade :
1. A triangle pattern is visible , so take a trade only why it breaks in the positive side in our direction.
2. Buy at 2nd green candle in 15 min or 5 mins chart frame.
3. Keep a trailing stoploss with Rs 10 in mind.
INTRA DAY FOR NAUKRITRADE BASED ON
1. MOVING AVERAGE CROSSOVER
2. TREND LINE BO
3. SUPPORT RESISTANCE
4. PRICE ACTION
5. SUPPLY AND DEMAND
6. BREAK OUT STRATEGY
HCL TECH GAVE 2 % , FREE CALL GIVENTRADE BASED ON
1. PRICE ACTION
2.MOVING AVERAGE CROSSOVER
3. TREND LINE
4. SUPPORT AND RESISTANCE
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.
HCLTECHNSE:HCLTECH
BUY : If Sustain between 850-880 then Buy above 880
SELL : If breaks demand zone downward and trend line
#HCLTECH looking strong and forming a wave 4 triangleWith Indian IT sector looking strong, there are a few potential opportunities . HCLTECH is one. This seems to have formed a triangle within a triangle , where wave e itself is a triangle.
HCL TECHAs per my view Hcltech is near breakout above 840 and also buy above 840
Its first target is 880
and second target is 910
Hcltech is good consolidation in this range
NIFTY IT INDEX POSITIONAL VIEW BUY ON DIPSNIFTY IT LONG TERM VIEW, GOOD TO BUY ON DIPS
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Positional Option selling Idea- HCL TechResistance at 850 levels.
Sell 850CE, CMP - 23.
Lot Size - 1400
Max Profit - 32,200
Loss only if expires above 873.
Or exit once Stock is closes above 850.
Theta is around 70, there are high chances if stock doesn't closes above 830 in next five session. Premium will be below 820.
Will do adjustments if required, for now buying it as a naked CE short.
HCLTECH is Running in SR Zone (Strong Breakout Trade)HCL Technologies Limited : Information Technology Company ( NSE:HCLTECH ) is Making SR Zone (PATTERN BREAKOUT TRADE).
This can become a very good trade for INTRADAY traders.
Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that broke this pattern. Or Low/High swing backward inside the pattern.
And as soon as you get a profit of 0.50% of your target, you will trail your StopLoss and bring it to the entry point. And as soon as your first target is hit, you will release half of your total quantity and continue to trail your StopLoss above the last swing Low/High.
Target and StopLoss are never already fixed in the chart pattern.
Thank you.
You always have to trade only by money management, position sizing, StopLoss trailing. This is the way to stay in profit.
Chart Published By Ravinder Sharma
HCLTECHHCLTECH Break Consolidation of 13 days and Sustain above this level so we can add in over Buy watch list.
Entry Price: 730
Stop loss:677
Target:784
DISCLAIMER : This recommendation is for educational purpose only, consult with your investment advisor before initiating any trade.
