HCLTECH forming Cup & Handle Pattern Should give breakout above 1157-1158 HCLTECH Above 1157-58 Looking tgt 1180-1200-1240++ Very short term Keeping on radar HCLTECH 1150 CE
Price action Clearly visible UPTREND Ready for breakout
Flag pattern in HCL Tech scrip. Long set-up as breakout has happened. Two targets, 1st is the width of the flag and 2nd is the length of the pole. SL is ideally the low of the flag but one can keep a trail of recent swing low as well for tighter stop.
HCL TECH There is a weekly Cup and Handle pattern ready to bull Zone
Running flat is forming in this particular stock c wave might extend down a little so wait for breakout to enter, it might go and break the mentioned level, then will see how price behaves, so when it breaks that level take profit or move stops at that particular level.
Hcl Tech Breakout 1152, Buy above 1155 two closing need in 1day chart for more confirmation Sl 1120 Closing Basis Target 1340
Nifty IT cmp 29355 breakout above 29400 sustaining Target 30800/31300++++ Stocks to Keep On Radar Coforge Infosys Persistent Wipro HCL Tech Tech Mahindra LTTS LTI
Cup and handle on wekly. Looks strong above 1150 Possible targets 1190-1210-1275-1360 SL 1080
Attached: HCLTECH Daily Price Chart Live Market as of 20th April 2023 Pay attention to the following: 1) Formation of a Double Top/ Distribution Pattern 2) A Leading Diagonal Structure marked as ABCDE , so a 3rd Wave Down can play out 3) The Elliot Wave marking signaling end of (B) Wave and (C) Wave Down pending IT Sector is the Weakest already and there are...
HCLTech downtrend movement potential with RISK:REWARD 2.1 Symbol :HCLTech Time frame :1 hour Analysis: Break out from the symmetrical Triangle and rallied downside, re-tested, and again rallying on a downside.So, We can expect a SELL call. SELL below 1070 with stop loss 1108 and target 990. HOPE our analysis is adding value to your Trading Journey. NOTE:...
#HCLTECH #stockmarketindia #HCLTECHanalysis #tradingstrategy Symbol:HCL Tech Time frame: 2 hours what is the analysis? Breakout from the symmetrical Triangle for downtrend movement. Moving average condition is checked,RSI condition is checked, so the call is fulfilled for a downtrend/sell call with Risk:reward ratio of 3.3. Stoploss is 27 points and the...
HCL Tech is a leading tech company that has been making headlines recently due to its impressive performance in the stock market. With the stock recently taking support from a disjoint channel on the daily timeframe, investors are beginning to take notice of the potential for a long strategy on this promising stock. In addition to this technical support, HCL Tech...
A cup and handle price pattern on a security's price chart is a technical indicator that resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift. The cup and handle is considered a bullish signal, with the right-hand side of the pattern typically experiencing lower trading volume. Script = HCl Tech Time...
HCLTECH Analysis- Why not to enter based on support or fibo only. Focus on price action as well with Fibonacci.
From Jul'22 low of INR 877 prices have retraced to Fibonacci 61.8% retracment level positioned at 1150 zone and formed a potential double top structure. Prices have also formed a Rounding Top pattern whose neckline is in the region of 1101-1100. The measured target for the pattern is coming in the region of 1050-1045 where its 200-EMA is also positioned As per...
A head and shoulders pattern is a technical indicator with a chart pattern of three peaks, where the outer two are close in height, and the middle is the highest. A head and shoulders pattern—considered one of the most reliable trend reversal patterns—is a chart formation that predicts a bullish-to-bearish trend reversal. An inverse head and shoulders pattern...
A cup and handle price pattern on a security's price chart is a technical indicator that resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift. The cup and handle is considered a bullish signal, with the right-hand side of the pattern typically experiencing lower trading volume. Script = HCL Tech Time...