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Hcltechbullish

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