HCLTECH
HCLTech: A Bullish Gartley CandidateNotes on the chart.
Do hit the like button.
Trade safe, stay healthy.
Regards
Bravetotrade
My personal Long term IT BetHCL Technologies is consolidating at the Lower band of support.
Start buying and accumulate any dips towards 800 for long term.
HCL Tech - On a Channel Long term weekly charts indicate nice channel. Very good risk reward ratio. Hold stocks for 3 months and get 10 % upside?
HCLTECH 10-8-2017 Intraday & postionalhi,
Market is in danger zone i suggest avoid todays trading, todays market is for only risky traders
HCL Moving in Channel in Weekly ChartUpside expected till 920~930 (convergence of Fib 1.27 and Fib 1.61 level). Then a further breakout will generate a long signal. Reversal from the point may see downside of 850.
Trade not active.
Nifty ITIT industry has been in a bearish tone forming lower high - lower low since Q2-2015. The industry is under pressure with margins and visas followed by blow of Rupee appreciation.
For short term, 9,880-9,900 stands to be crucial support. The reverse Bullish AB=CD around 9,900 at rising trend line indicates reversal on cards. As per time analysis, the previous rise and fall took 55 trading days and if go by "history repeats itself", the reversal can take place on 25th April (+/- 2 trading days). RSI is back in an oversold territory.
TCS will be releasing results today which has weight age of ~45% in IT index will be important to watch. The above view on IT index will negate on a close below 9,800.
HCL TECH - upward channel | resistance NSE:HCLTECH - short term trade
Green Line is a good resistance on the daily TF too.
Blue Lines are the upward channel that's forming.
Watch out for these and trade when a clear trend emerges.
Will update the idea if I find one.
Comments and opinions are welcomed.
Harmonic 3 Drive Pattern Reversal !Beautiful Harmonic 3 Drive Pattern Reversal offers good opportunity to short the stock at current level. Mostly the pattern works and rewards with reasonable profit. Good Luck
HCLTECH HIGH RISK TRADE SETUP FOR SELLERHCLTECH has in triangle format for high risk trader can sell at 835 with sl if 860 on closing basis
target 755
HCLTECHNO, TRIANGLE PATTERN, BULLISH TRENDHCL TECH has formed triangle pattern it has mad to swing 860 and 835.
if this stock give close above 835 we can buy for the target of next swing 860.
if this swing 860 is break on closing basis then good for buyer
enjoy this trade
HCLTECH Long breakoutHcltech above 776 can give long breakpout and above 776 can move to the level 784 if do not break 771 on downside
Short HCL Technologies,approaching channel support 720HCL Technologies has been trading in bearish channel from several week after a false break it continued in downward direction, we may see further down ward in this stock as it is approaching to its channel support which is targeted at 720.00 in near term. Risky traders may enter short at CMP,conservative traders may wait for some upside movement if market go green it can go up to its resistance somewhere between 775-780.
HCLTECH Potential Buy Setup!!HCLTECH is giving a potential Buy Setup!! The Zig Zag Correction seems to be over with today's low made around 730 levels. I would expect the stock to go higher from here and breakout of the corrective channel that it has been in from long time. My stoploss is around 725 levels and First Targets around 950 level and above.
Happy Trading!!
Supply Zone Buy HCLTECHThe stock is offering a good buying opportunity at the current level. It is trading at a demand zone from where buyers find it cheap and enters. Very small risk at the low of the current bar. It could give a decent return in coming days,
