HCLTECH
HCLTECH - Head and Shoulder PattternA Head & Shoulder Patter formation can be seen on HCLTECH 1 HR Chart. A short opportunity can be seen in HCL Tech if it sustains below the neckline as mentioned in the picture. Will wait for a 15 min candle to give closing below the neckline. Target seem nice for intraday & short swing trade.
Levels are : Neckline : 1255, Targets : 1230 & 1215.
Please let me know your suggestions as well.
HCLTECH 1 day Time Frame AnalysisHCLTECH 1 day Time Frame Analysis
- Price is nicely moving above 200 MA
-Strong Support of 900 levels
- Major Resistance of 1050 levels try to break it 4 times
- Breaking this level can stretch the price up to 1200
- Breakdown of a current trendline can make it touch 1000-900 levels
HCLTECH buy signal , will touch 4 digits soonI will buy HCLTECH because :
It has been taking support at the trend line .
It has touched the support and has not been able to break it.
So will be looking at buying opportunities.
If it breaks the support look at shorting
Entry : 930/910
Target : 1044
Stop loss : 869
Breakout by Bluechip #bbbBreakout by Bluechip #bbb
HCLTECH gave breakout from this pattern with avg. volume and we saw a retest with good volumes.
High volume than the breakout candle.
This is not a good indication.
Retail traders may get trap at higher levels.
Waiting for the strong indication of bullish trend is the best option for now.
Nifty is near all time high.
I will not expect higher target at this levels.
But thinking to capture a small swing scalp with strict stoploss.
This post is for information purpose only.
Simple Trade Setup | HCLTECH | 03-09-2021NSE:HCLTECH
Trade Setup for Date 03-09-2021:
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 tomorrow.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
HCLTECH had been showing great rally for the last few daysAfter a long time of consolidation NSE:HCLTECH has been able to finally show it's real strength. It's been showing a good rally that can continue for some more time followed by some consolidation. 1150 is a good level for the people who bought it around 900.