Triangle PatternA triangle chart pattern involves price moving into a tighter and tighter range as time goes by and provides a visual display of a battle between bulls and bears.
Script = HCL Tech
Time Frame= 1 day
HCLTECH
Right time to hunt down IT sector stocks ? I daily make educational content videos on swing trading and Investment Ideas, don't take them as calls or tips; always ask a financial advisor before taking any trade or investment.
HCLTECH has shown a breakoutNSE:HCLTECH has shown a kind of breakout after a month long consolidation. I would call it consolidation since it's been stuck in small range for around one month.
HCL Tech looks good for decent upside.#HCLTECH CMP 1069 broken out of last 3 week's high and can be added for 1130/1190 for midterm.
SL 1000 If momentum continues then we can see 1300 also in this counter.
HCLTECH AnalysisExpecting a massive breakdown in HCLTECH
Bearish Pennant Pattern formation observed.
Target 904
CMP 1039
my investment idea only invest if u believe in the company i was waiting for a long time to invest in this comapany my targets on techmahindra are for two years
HCLTECH seems to be respecting range of 1000-1050NSE:HCLTECH does not seem to be breaking 1k levels this month's expiry. It took support in this range and bounced back.
HCLTECH displayed a bearish marobuzu on weekly timeframeNSE:HCLTECH had shown bearish marobuzu last week and till then the bulls have not been able to move it up even to half of it. In this weakness, lower levels of 950-960 can be seen.
HCL Tech breakdownThere has been a massive breakdown on the charts of HCL Tech and this comes with other IT stocks correcting as well. The support of 1100 has been broken with a gap down and one needs to be careful in this script. While I believe a bottom was made a few months back in IT, this does not mean that IT stocks will rally and outperform. I maintain my view that time wise correction remains in IT.
HCl look bearish for short termHCl tech
U can short HCl
At 1127 sl 1134
Or if come
1144 sl 1154
Small stop loss
HCLTECH - ShortExpecting a deeper crash in the stocks and in the whole sector. The market has peaked and there is a potential for profit booking to kick in. The inflation worries have also not faded out. If there are no signs of pivot from the FED as expected, in the coming week then all the gains will reverse.
Buying Opportunity in HCL TECH.* Price broke the down trend line and came back for retest.
* This is a early buying suggestion as price didn't created a higher high (which would have acted as a confirmation).
So the Idea here is
BUY :948-950 LEVELS
SL :865 LEVELS
Target will be in execution.
Managing the trade:
If the trade goes in our way
*Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost
*Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL.
*Exit remaining with trailing Stop loss.
*The long position in the chart is for representation purpose still I'd advise you to exit all positions at 1115 -1117 levels.
HCLTECH is ready for a blast soonHCLTECH is ready for a blast soon. For intraday, If it crosses 1112-1115 and sustain above it will give u a ample amount of profit if u take options.
I am tracking it since last month as I am a momentum trader. I used to track stocks for creating an momentum playing opportunity.
If u wish to learn my techniques just follow me and msg me.
HCL TECHNOLOGIESHCL:- HCL tech breakout. with good momentum. keep on eye
good for short term.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
HCLTECH is also ready for its breakoutNSE:HCLTECH is also stuck at it’s current levels of 1090-1100. If it crosses 1100 decisively then 1150-1160 easily.
HCL TECHNOLOGIES HCL TECHNOLOGIES has beautifully taken a support at 0.5 Retracement level and its 200 Weekly Exponential Moving Average.
If we try to see the importance of 200 Weekly Exponential Moving Average for HCL TECH, then you can observe it has been rarely been broken by HCL TECH(Year 2008 & 2020 shown in the chart). Rest of the time when market is not in a panic mode HCL TECH respects the 200 EMA quite precisely(Year 20212 & 2016 shown in the chart).
Currently HCL TECH is taking support at its 200 EMA, 50% Retracement level of its Covid rally and a RSI Divergence has been formed at this official level. For short term a target of 1070 seems good from the Current level.
CHART & ANALYSIS
ADARSH DEY
HCL TECH Analysis Hcl tech formed bullish Engulfing in daily chart.
SL 1066.35
Second candle low 1043.00
1:1 Target is 999.85
HCL TECH LearningHcl tech price is increasing but volume is dry.
1052.5 is SL
There are negative divergences. It may fall as per chart pattern and MACD indicator.
HCLTECH LEVELS FOR MONDAY - 24-10-2022Important HCLTECH Levels ( Support & Resistance ) for Monday Market- 24-10-2022.
HCLTECHBased on my analysis for long Only for education purpose only not for any buying or selling recommendations.
HCL Technologies Ltd - Trendline Support + Just a View📊 Script: HCLTECH (HCL TECHNOLOGIES LIMITED)
📊 Nifty50 Stock: YES
📊 Sectoral Index: NIFTY IT / NIFTY 500
📊 Sector: Information Technology
📊 Industry: Computers - Software & Consulting
Key highlights: 💡⚡
📈 Script is trading near at its support level which is around 897.
📈 RSI is nearby to its Oversold zone.
📈 script may bounce back from its support level keep an eye on it.
📈 Fundamentals are also strong, one can buy on dips for long term.
📈 if it start moving upward first target will be 990 , Always maintain your Risk & Reward Ratio.
⏱️ C.M.P 📑💰- 895
🟢 Target 🎯🏆 - 990
⚠️ Important: Always maintain your Risk & Reward Ratio.
⚠️ Purely technical based pick.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Happy Navaratri 🕉️ 💃🏻🕺🏻
