1. Previous Trend line Resistance acted as support 2. Now on Short Covering zone 3. Breakout Entry - Daily Open & close above 1196 (or) Weekly Open & Close above 1185 4. Retest Entry Zone (1120 - 1132) 5. Stop lose - Below 1090 - Weekly close (or) Daily open & close
NSE:HCLTECH As One can see bearish Harmonic pattern on HCL Technologies stock chart we are using this pattern for target first and then if we find resistance or reversal sign at PRZ then after such conformation we could go short as well. 📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading...
#HCLTECH h&s pattern breakout done sl below right shoulder
A very nice parallel channel, and breakout from INVERTED H&S
NSE:HCLTECH HCL is time to Go long for the Following : 1) Gap Up on Friday. 2) Net Volume Up. 3) Supertrend Positive 4) RSI indicating Long Position. Keep trailing Stoploss at the moving Blue Line of Super Trend or you can get out of position when RSI Comes down and Cuts below Yellow Mean Line. If INR 1367 is beaten, it can move further up. Be careful around...
Nifty IT is showing Bullish Flag breakout Pattern IT sector showing strength
HCL has very positive momentum RSI above ~50 Forming a cup pattern, entry can be made between 1200-1222 level Breakout already done, Re-test can be expected on support level 1200 which was pervious resistance. Targets are mentioned in the chart and chart is self explanatory. Great chart setup. Disclaimer: This is for educational purpose, pls invest as per your...
RR looks good in this with entry at cmp and SL below the TL.
Sell with sl of 1185 for target of 1040. Disc : it's not an investment advice to buy or sell
HCLTECH important levels for long term investment Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
HCL 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...
HCL is under good buying Technical : FibRetracement Trade Type : Swing(2 months) Target : 15% Fundamental : Good
DIP CHAHIYE THA SABKO AB BUY KARO DIP MIL RAHA TOH.. SIMPLY BUY AND RELAX.. TRADE wisely. WE CAN JUST PREDICT. Disclaimer: I am not a SEBI registered advisor , so before entering on my view plz ask your SEBI Registered Advisor . Profit is your and loss is your. PLEASE LIKE AND SHARE IF YOU AGREE WITH THE IDEA
Can correct till the support line and the 100% retracement levels of fibonnaci. Bears can go ahead and sell for targets of 1100-1070. Bulls and investors can wait till it takes support at the given levels of 1070.
I 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...
LOGIC,LEVEL AND TARGET WELL MENTIONED IN THE CHART NOTE -The above interpretation from the chart is my personal view and doesn't guarantee any success. (Do talk to your financial advisor before making any investment decisions) please like, share and comment if you have any suggestion regarding this analysis.
Key Highlights: 1. Bullish market structure on HTF 2. Broke above the horizontal level 3. Untested demand zone below 4. Just above 200 MA on daily TF Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk. Rajat Kumar Singh (@johntradingwick) NSE Certified Technical & Fundamental Analyst