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HCLTECH

Trend Analysis - Bounce from SupportHCL Tech is one of the leading IT companies quite similar to Wipro and Infosys. It seems it has reached the trendline support and shown a healthy bounce of 4% in 4 days The share dragged because of lower than expected quarterly earnings and PE wise, it is trading at 27 while TCS, Infosys and Wipro are between 34-36 region. TCS has made a similar pattern as well and it will be interesting to see how these 2 shares pan out in the coming days. I don't expect any impulsive move but slow and steady upside move.
NSE:HCLTECHLong
by Aayush_Rungta
HCLTECH LongI hope you can now see how HCLTECH represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
NSE:HCLTECHLong
by EntryandExit
Simple Trade Setup | HCLTECH | 15-11-2021 [ INTRADAY]NSE:HCLTECH Observations: 1) On Daily time frame, It just closed at 10DMA. 10DMA is placed at 1172.09 level range. If it sustain above it then we can see an upmove. Please refer below chart : 1 day Time Frame. 1200 level is major breakout level. 1180 is immediate resistance. Please refer below chart : 1 day Time Frame. 3) On 15min time frame, it is trading in triangle pattern. If it gives sustainable breakout of it then it will be quick buy trade. If it faces resistance from the upper line of the triangle then it will be short trade. Breakdown of the bottom line of triangle will make it more bearish. Please refer below chart : 15min Time Frame. ------------------------------------- Trade Setup for Date: 15-11-2021 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:HCLTECHLong
by Trading_hawk
2
HCL TechHCL Tech Reasons/Traits : • Bullish Gartley harmonic pattern is forming (gets confirmed if price goes and stays below 1254) • Price below 13 EMA ready to touch 50 EMA • Price is below 0.236 retracements levels • RSI falling What can happen next : Scenario 1 : Price sustaining above 1265 levels can take it to 1285/1335/1365/1400 levels Scenario 2 : Price break down below 1254 levels can take it down to 1227/1182/1135/1070/980 levels Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you! Please do like and share this idea. Thanks
NSE:HCLTECH
by AdhigamaTrading
3