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HCLTECH

HCLTECH- Bears in Control!Attached: HCLTECH Daily Price Chart Live Market as of 20th April 2023 Pay attention to the following: 1) Formation of a Double Top/ Distribution Pattern 2) A Leading Diagonal Structure marked as ABCDE , so a 3rd Wave Down can play out 3) The Elliot Wave marking signaling end of (B) Wave and (C) Wave Down pending IT Sector is the Weakest already and there are clear Headwinds from a Fundamental standpoint for IT Stocks HCL Technologies has Earnings today so you can expect some Big Move on the Short Side
NSE:HCLTECHShort
by T_Harth
2
HCLTech downtrend movement potential with RISK:REWARD 2.1 HCLTech downtrend movement potential with RISK:REWARD 2.1 Symbol :HCLTech Time frame :1 hour Analysis: Break out from the symmetrical Triangle and rallied downside, re-tested, and again rallying on a downside.So, We can expect a SELL call. SELL below 1070 with stop loss 1108 and target 990. HOPE our analysis is adding value to your Trading Journey. NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk. NOTE: RESPECT The risk. SL should not be more than 2% of the capital. Happy Trading #stockmarket, #sensex, #bse, #sharemarket, #nse #stockmarketnews #niftyfifty, #nifty ,#stockmarket, #sensex, #bse, #sharemarket, #nse ,#banknifty, #intraday ,#indianstockmarket ,#stockmarketindia ,#intradaytrading ,#investing, #trading, #stockmarketnews
NSE:HCLTECHShort
by TanujaK
HCLTECH Downtrend movement potential with RISK:Reward 3.3#HCLTECH #stockmarketindia #HCLTECHanalysis #tradingstrategy Symbol:HCL Tech Time frame: 2 hours what is the analysis? Breakout from the symmetrical Triangle for downtrend movement. Moving average condition is checked,RSI condition is checked, so the call is fulfilled for a downtrend/sell call with Risk:reward ratio of 3.3. Stoploss is 27 points and the target 91 points. sell at 1086 with SL 1115 and target 995. HOPE our analysis is adding value to your Stock market trading Journey. NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk. NOTE: RESPECT The risk. SL should not be more than 2% of the capital. Happy Trading
NSE:HCLTECHShort
by TanujaK
HCL Tech a clear winnerHCL Tech is a leading tech company that has been making headlines recently due to its impressive performance in the stock market. With the stock recently taking support from a disjoint channel on the daily timeframe, investors are beginning to take notice of the potential for a long strategy on this promising stock. In addition to this technical support, HCL Tech also maintains a healthy dividend payout that is uniformly distributed across the year, making it an attractive investment option for those seeking long-term gains. Furthermore, HCL Tech has also taken support from a previous level on the daily timeframe, indicating that there may be some underlying strength to the stock's current price movement. When combined with the company's strong fundamentals, such as its solid financial position and impressive track record of growth, it's clear that HCL Tech is one of the most promising tech companies in the market today. Despite being relatively underrated compared to other tech giants like Infosys, TCS, and Wipro, HCL Tech is quickly gaining a reputation as a top performer in its industry. With its impressive fundamentals and recent technical support, now may be the perfect time for investors to consider a long strategy on HCL Tech stock. By taking a cautious and informed approach to investing in this promising company, investors can potentially reap significant rewards in the years to come.
NSE:HCLTECHLong
by ujjwal_18
HCLTECH: Rounding TopFrom Jul'22 low of INR 877 prices have retraced to Fibonacci 61.8% retracment level positioned at 1150 zone and formed a potential double top structure. Prices have also formed a Rounding Top pattern whose neckline is in the region of 1101-1100. The measured target for the pattern is coming in the region of 1050-1045 where its 200-EMA is also positioned As per above observations prices are likely to hold below INR 1137 and fall towards INR 1050-1045 in the coming weeks. Trading Strategy: Sell on cmp add on rise , keeping SL of 1137 look for the target of 1050-1045.
NSE:HCLTECHShort
by TradingSutra
12
Head and ShouldersA head and shoulders pattern is a technical indicator with a chart pattern of three peaks, where the outer two are close in height, and the middle is the highest. A head and shoulders pattern—considered one of the most reliable trend reversal patterns—is a chart formation that predicts a bullish-to-bearish trend reversal. An inverse head and shoulders pattern predicts a bearish-to-bullish trend. The neckline rests at the support or resistance lines, depending on the pattern direction. Script = HCL tech Time Frame = 1 Day
NSE:HCLTECHShort
by Jainshashwat
HCLTECH SWING TRADE ON BREAKOUTThis 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 Picture):- 1) The Stock Has Been Consolidating Above Key Support Zone (acting As Support Zone From August 2021). 2) The Stock Is Forming A Triangle Pattern And This Pattern Has A Win Rate Of Over 70%(as Per Google Research). The Breakout Can Be A Triangle Pattern Breakout And A Range Breakout Hence 2 Confirmations That Bulls Are Strong. 3) The Stock Has Formed A Strong Green Candle(extremely Bullish Candle) And Has Closed In The Upper Part Of The Range Above A Key Level(marked On Chart With Yellow Zone) 4) Let The Stock Take A Hit From Sellers (marked Red Zone) And Then Retrace To Take A Support. We Will Enter At The Breakout Of Most Recent High. ENTRY : 1144 SL : 1100 TARGET 1 : 1200 TARGET 2 : 1350+ Disclosure : I am not SEBI registered.The information provided here is for education purposes only.I will not be responsible for any of your profit/loss with this channel suggestions.Consult your financial advisor before taking any decisions.
NSE:HCLTECH
by Shaed61
1
HCLTECH - Possible Swing TradeDaily 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 breakout. currently trading below the 200EMA and trading in the strong zone that we mentioned earlier. If the zone and 200 EMA were broken with a bullish candle, we might consider planning a buy entry. We can see a gap on the chart, so if a buy entry occurs, we can set our target price below the resistance area that is located exactly at the gap. On the chart, I have noted targets 1 and 2, and a stop loss should be placed below the strong zone. "Wave Volume Divergence" indicator has also given us a buy signal, must try this indicator for confirmation. I hope this analysis was helpful to you. If so, I would appreciate it if you would like it and follow me on TradingView for more of these kinds of analysis. Disclaimer : Simply an educational post, I am not a SEBI-registered person.
NSE:HCLTECHLong
by AfnanTAjuddin