HCL Tech - Trendline & Triangle breakoutBullish on HCL Tech.
Technical:
Trendline breakout, formed doble bottom, triangle breakout and above 50 MA.
When its breakout 1060 it can fly up to 1400.
Stop loss 880
Fundamental:
PE: 19, Dividend yield 3.9%, Debt to Equity = 0.11.
Company's median sales growth is 17.0% of last 10 years
Looks very attractive fundamental point of view. Its value buying.
Disclaimer: Educational Purpose
HCLTECH
IT INDEX looking for 2XAs predicted last time for IT index to sell at 33850, which was followed by 20% correction in the Index and saved capital there.
Now looking at the market scenario, IT stocks looking one of the best bets in the Indian sector
1) Golden pocket zone of 2020 bull run
2) Bounced from the long awaited channel trendline
3) Taking support at previous support zone of 25-26k
Disclaimer: Chart, data and levels for study purpose only. I am not a financial advisor. Use your intelligence before investing.
[Positional] HCLTECH Long IdeaHCLTECH has been trading in the narrow channel range from almost last 6 months. The Channel was a descending channel. HCLTECH Was trying to break the channel from last few days- it was trading very little above the edge of the channel. Today HCLTECH has convincingly broken the channel.
Once can LONG HCL with below details:-
Entry:- 980-982 (Trade can be taken now)
SL:- 913 (Ideally the SL should have been placed at 880-881 range i.e. the channel low, but am placing the SL at the mid of channel)
Target:-
T1- 1053
T2- 1116
T3- 1213
Target can be achieved within next 4-6 months.
Cheers,
Santosh
[Intraday] HCL tech short tradeon 15 minute timeframe hcl tech made double top pattern on major price level and if it break 762 price level down side then we can see sharp selling till 955. with the 4-6 rupee stoploss we can plan 2:1 trade as given below.
HCL tech
15 minute, selling
sell after 962
target 955
stoploss 4-6
HCL Tech - Pattern breakout ?HCL pattern breakout
Buy with stoploss 960
Target - 981, 992, 1005
DISCLAIMER :
This idea is for educational purpose, buy/sell as per your risk management.
I always recommend to book 50% of the quantity at target 1 and keep trailling stoploss for remaining targets.
Maintain strict stoploss to minimize loss.
Idea is positional and only carry position on day closing basis.
HCL tech multi timeframe analysis for swing trading in hindiHCL tech multi timeframe analysis for swing trading in hindi
in this video i have shown, 15 minutes & daily chart analysis of HCL tech.
and trade setup for next day 08/08/2022.
you will get idea of where to short sell & where to put stop loss.
i have shown practical use of reversal pattern such as triple top, H&S, double top & rising wages pattern.
i have also discussed about trendline, RSI diveregence & wyckoff method in real life example.
basically i have shown, how to use technical analysis in real life.
video is in hindi language.
if you like or found useful, kindly like, subscribe & share.
Disclaimer: only for learning, not trading tip. trade at your own risk.
Hindi description:
Swing trading k liye HCL tech ka multi timeframe analyis.
maine is video me bataya hai k kaise trendline,reversal pattern aur RSI ka istemal real life me kaise kiya jata hai.
is video me aap sikhenge ki double top/ triple top/ H&S ko kaise real chart par mark kiya jata.
is video se aap technical analysis ko sahi tarike se use karna sikhenge.
disclaimer: yah keval learning k liye banaya aur share kiya gaya hai, trade apne risk par kare
axis bank and hcl techaxis bank is consolidating if it brakes again 738 and sustain above 740 then 10% upside is possible around resistance is 799-804
also hcl tech is preparing to a breakout if it sustain 977 the very good upside is possible in a day with short term tgt of 1100
disclaimer i have taken options position in both the stocks in long side