Based on my xMRSI-Progresser predictive trading methodologies, its going to be a GREEN candle on 26-Oct-2018 for HCLTECH
Buy Above(5Min candle close): 1007.4 for targets -
T1: 1015
T2: 1019.5
T3: 1024.2
SL: 999.3
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...
NSE:HCLTECH
FOLLOW THE LEVELS FOR INTRADAY TRADE ON 09/10/2018
BUY (LONG)-
If the stock crosses the level of 1085 and go for following targets with SL of 1048
TARGET-1: 1095.40
TARGET-2: 1106.20
TARGET-3: 1117.10
SELL (SHORT)-
If the stock breaks the level of 1047 and go for following targets with SL of 1084
TARGET-1: 1037.50
TARGET-2:...
Stock may be creating a bearish head and shoulder at the top after a big rally.
Take small risk and sell at 1084 with a closing Stoploss above 1097 Targets are 1068 and 1045
Charts look weak with a Double Top formation. Near term price levels of 1030. In case the neckline breaks further downside to be seen.
Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.
Applied 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...
HCLTECH 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 creating a superb chart on daily,weekly and monthly time frames. Indicators are positive. Can expect newer highs on coming weeks and months.
Short term target and stoploss shown in chart.
Vijayaraghavan.K
Kovilpatti.
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.
