HCLTECH
Tech stocks may be in for another rallyApplied Fibonacci levels to IT index.
Index seems to be closing above it short term resistance oh 16086 level. A strong breakout above previous highs of 16130 will be a buying opportunity in Tech stocks like Techm Infy TCS Wipro Mindtree which have been strong.
Weaker rupee may be a trigger. But one should wait for a breakout and not hurry since they have rallied a lot this year.
HCLTECH | Important rangeHCLTECH trading in important zone where in past bears took control. If stays in the same range for a day or two, its going to go up more with breakout of flag. with INR value in mind IT is still looking very bullish and holding up the market. Its right at shorting level but its very risky.
HCL Tech short setup (Elliott Wave)It looks like HCL is in a Flat A-B-C Correction as shown by the circled counts, within the same it looks we are as of now in the Wave 2 of Wave C of this Flat correction or we have completed the Wave 2 and already started the Wave 3, in either case HCL looks to be a good shorting candidate with SL above 1108.
My PredictiveEngine's Intraday call(29-May-18)-HCLTECH-ShortBased on my PredictiveSystem's signals, its going to be a RED candle on 29-May-2018 for HCLTECH
Sell Below: 891.8 for targets -
T1: 885.1
T2: 881.1
T3: 876.9
SL: 898.9
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
My Predictive Engine's Intraday call (22-Mar) - HCLTECH - SHORTOff-late I started investigating more on predicting the next candle for the day and seeing enough success by using the patterns of various indicators. Pine scripting in tradingview has helped a lot to automate everything and create necessary signals. Based on the engine's call, tomorrow (22-Mar-2018) will be super "RED" candle for NSE:HCLTECH .
Short Below: 935.0
Target-1: 928.0
Target-2: 923.7
Target-3: 919.3
Stop loss: 942.4
Happy Trading!!!