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HCLTECH

SHOULD YOU CONSIDER HCL TECHNOLOGIES ??Hello !! Good Morning !! Welcome to the quick update of HCL Technologies. HCL being an IT company has good long-term prospects with interesting technicals and fundamentals. As of now, it is moving in a descending triangle and is trying to break out. We can consider adding some HCL to your portfolio for long-term prospects. Once it breaks the falling wedge, it will be ready for the next move up. The expected range if we consider to buy should be between Rs 1080 to Rs 1110 only if it breaks the Rs 1100 mark and retests before shooting further higher. The expected target in the next quarter will be around Rs 1190 to Rs 1362. Please wait for the right moment to enter this trade. I will update this thread constantly if the breakout happens and we can add this to our portfolio for the long term. This is not financial advice, please do your own research before investing and we are not responsible for any of your losses or profits. Please like and share and comment on this idea if you liked it.
NSE:HCLTECHLong
by ScramblerG
Intraday trade : watch for resistance breakoutbuy above 1200 in intraday For stoploss in Intraday use 5 minute chart and see nearest support. for target use 5 min chart and fibonacci pivots as i don't keep predefined target. try to book partially and trail. Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis NOTE: For Gapup or bo before 9:20 If gapup is more than 1% from bo level than avoid completely. if less than 1% or gives bo before 9:20 than wait for first 5 minute candle and entry above 5 minute candle and revised SL below candle Low.
NSE:HCLTECHLong
by stockkar
HCL TechnologiesCurrently the stock has discounted 14% from all time high levels. HCL (Daily): 1. Stock constantly took support at major demand zone around 1098 levels 2. Stock is making Double Bottom 3. Positive crossover of 5, 13 Daily Exponential Moving Average 4. Bounced back from 200 Days Exponential Moving Average 5. Good buying volumes View Point: 1. If the stock sustains above 1200 (Breakout of Double Bottom), target of 1320 can be seen. Addl Points: 1. FII/FPI have decreased holdings from 22.30% to 20.43% in Dec 2021 qtr 2. Mutual Funds have increased holdings from 7.84% to 8.95% in Dec 2021 qtr. Notes: 1. The above analysis is just for educational purpose.
NSE:HCLTECH
by deeptinseth
HCL TECH BULLISHExpecting bullishness in #HCL_TECH in the short term untill it breaks and open & close candle formed below 1060 levels.At the same time Indian IT index took support around first level retracement area and its moving upside.Even though all looking good still Ukraine-Russia crisis hearing in our ears,so we should act according to global cues(Taking decision according to global cues is only for swing and short term trades).So as i always say whatever we do,must follow risk reward and money management. For longterm its just a beauty to add on dips. Have a good trade.
NSE:HCLTECHLong
by trade_withpriceaction
WHERE IS NIFTY IT HEADED ?Nifty It has been showing no particular direction for the past week, sometimes on a solid green day it manages to fall and sometimes seeing Nasdaq it seems to gain some points but what is the real direction of this sector? I have taken the top 5 Nifty I.T stocks that have the most weightage in this sector and have analysed them. Below are all the top 5 constituents of cnxit. 1. INFY 2. TCS 3. HCLTECH 4. WIPRO 5. TECHM INFY I can spot LH LL formation in this and seems like it has had it's pullback and will continue to correct itself. TCS TCS has been following this support trendline for sometime and it can be taken into account that after double top tcs went for a pullback and again a low can be made near 3550 levels. HCLTECH HCLTECH is facing resistance from 1200 levels which is psychologically and technically a strong resistance level and now it seems like it's due a correction. WIPRO Took a bounce from the demand zone but is still below the 200 ma and flip level. TECHM Techm looks like that it is sitting on a crucial level and the next few candles can give us a sense of direction. Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding. Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times. These are just my views and I am not a SEBI registered analyst so consult your advisor before taking any trades.
NSE:CNXIT
by this_is_shoaib
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