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.
HCLTECH
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!!!
HCLTECH RisingIt seems NSE:HCLTECH is in verge of breakout. Two reliable indicators giving a buy signal.
1. MACD (15,50,9) bullish crossover signalling to enter in long position.
2. Stochastic Divergence on bullish side which again gives a signal of immediate breakout.
Buy above 969 aiming for a target of 987(T1), 1010(T2) & 1040(T3). A stop loss of 953 is recommended.