Disclaimer: It is my point of view. I will not be responsible for any profit or loss made by the trader. Do take trade on your own responsibility.
Description: HCLTECH Broke the triangle pattern and fall from that level after retesting the same levels, it started falling. The horizontal lines drawn are the support/resistance levels.
Please follow these rules before taking a trade :
1. A triangle pattern is visible , so take a trade only why it breaks in the positive side in our direction.
2. Buy at 2nd green candle in 15 min or 5 mins chart frame.
3. Keep a trailing stoploss with Rs 10 in mind.
HCL Tech is in uptrend & at retracement before moving to life time high. Stock is expected to touch the level between 860-875. buying in this range for the target price of 900-925 with SL 850 Also this will good reward to risk ratio. This is for your educational purpose only.
HCLTECH stock can take retracement at the level of 740-760 . A minor Gap filling is seems to be pending at this level. So wait for the good entry level. if we buy at current level our SL is too huge.
Always do trading as per your Reward to Risk ratio .The ideas sharing is for educational purpose only. In case any suggestion advice required feel free to...
HCLTECH Break Consolidation of 13 days and Sustain above this level so we can add in over Buy watch list.
Entry Price: 730
Stop loss:677
Target:784
DISCLAIMER : This recommendation is for educational purpose only, consult with your investment advisor before initiating any trade.
On all TFs HCL Tech is on bullish mode & trading above the 50 EMA level. Now this stock is at the weekly BO level. so we can take long entry above the level of 595 for the target price of 620. Once the stock sustain & maintain the level we can see the new high of this stock very shortly.
So add the stock in your watch list to see the further price action...
INTRA-DAY TRADE IN HCLTECH MAY FUT
BUY@533
STOP@527
TARGET@544
QTY=2800
!!please note trade with caution!!
!!manage your risk!!
!!trade-wise!!
!!please adjust for future rates!!
!!intra-day ideas series everday at between 9:30 to 10:30!!
HCL Test Supply Zone and Fail
Expect Fib Retrace 50% and Also Waiting For Result
(Quality Stock) Entry Minimum Price
Disclaimer:
The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade.
I am not responsible for any liabilities arising from the result of...
