2 trading strategies - a. follow the price action, levels given. b. trade the breakout of flag.
wait for Breakout Mostly ON upper Side . #TradeTheTip
HCL Tech closes above boring candle hence looks strong at the current level, target around 700-705 levels with 3-4 session trade. SL can be considered around 613 level on closing basis
I hope you can now see how HCLTECH represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Disclaimer: It should not be assumed that the...
Nifty IT index has broken above the weekly highs which also the resistance. And MACD is also breaking out higher. Looking for Infy, TCS & HCLTech to go long !! Already above Breakout : Infy , HCLTech
If it breaks 621.5 go long with taking small targets, remember a strong resistance at 621.5. Sell very cautiously and use a very strict stop-loss. While there is a strong resistance at 621.5, the stock is looking strong because it retraced fully and broke the trend line upwards with high volume. Well their can be consolidation in the stock now, maybe a pullback...
HCL break range bound movement now good to buy. 1st target 615/620 if crossed 625 level than we can see very good upside moevemnt. RSI above 50 which is good signal of strong movement.
Follow for latest updates Buy above 606 with the stop loss of 596 Targets- 610, 612, 614
Bearish Deepcrab is forming in HCLTECH at 605, Bear is expected from here
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...
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
HCLTECH looks good on chart ! OI data for Future & Options, deliverable quantity percentage also high since past few trading expecting 580+ above target.
a. Zone: Moderate Bull b. Resistance 1: 571.15 c. Resistance 2: 582.65 d. Support 1: 548.15 e. Support 2: 539.55 NSE:HCLTECH
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
HCL TECH CMP 569 SL 555 dclbs Target 588, 600, 615 Timeframe 12 trading sessions
This Analysis Is Done Only For Educational & Intelligence Purpose, Invest Or Trade At your Own Risk & Will.