A 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= 15 min
A 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= 15 min
This Is A Pure Technical Analysis Of hcltech
1)The Stock Has Taken An Amazing Support At Fibonacci Retracement Of 50% In Weekly And Daily Time Frame.
2) It Has Been Forming A Really Convincing Cup And Handle Pattern And Currently Trading Above Breakout Of The Pattern.
As We Can See In The 15 Minutes Time Frame Picture (please Check The Numbers Marked On The...
Daily chart: If we look at the daily time frame, we can see that the stock is trading above the 50 and 200 moving averages.
You may also notice that the stock is currently trading in a very strong zone since January 2021, which is about two years.
75-Minute Chart: if we look at the 75-minute chart, we can see that the stock has broken the rectangle &retested the...
A 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
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NSE: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.
#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.
NSE: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.
There 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...
Expecting 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.
