* 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...
HCLTECH 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:- 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...
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...
📊 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...
Bullish 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...
As 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...
HCLTECH 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...
on 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
![HCLTECH: [Positional] HCLTECH Long Idea](https://s3.tradingview.com/x/xFVEoBaO_mid.png "[Positional] HCLTECH Long Idea")
![HCLTECH: [Intraday] HCL tech short trade](https://s3.tradingview.com/j/jpDzETw3_mid.png "[Intraday] HCL tech short trade")
