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Hcltechlong

HCL TechnologiesCurrently the stock has discounted 14% from all time high levels. HCL (Daily): 1. Stock constantly took support at major demand zone around 1098 levels 2. Stock is making Double Bottom 3. Positive crossover of 5, 13 Daily Exponential Moving Average 4. Bounced back from 200 Days Exponential Moving Average 5. Good buying volumes View Point: 1. If the stock sustains above 1200 (Breakout of Double Bottom), target of 1320 can be seen. Addl Points: 1. FII/FPI have decreased holdings from 22.30% to 20.43% in Dec 2021 qtr 2. Mutual Funds have increased holdings from 7.84% to 8.95% in Dec 2021 qtr. Notes: 1. The above analysis is just for educational purpose.
NSE:HCLTECH
by deeptinseth
📊 HCL Technologies Target 🎯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 Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns. 📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone). ******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
NSE:HCLTECHLong
by linesandlevels
4
Good swing and positional setup.Hey guys. As you see HclTeach was in downtrend and now its breaking its trendline. Yesterday it took resistance from 50 period moving average but in daily timeframe you can see a clear inverse head and shoulder pattern so once it crossed its daily 50Ma and give closing up to 1200 as shown by the resistance line we can go for a swing trade of 5 percent and for positional target would be 12 percent. Manage your risk according to your risk appetite .
NSE:HCLTECHLong
by Rakesh-singh-
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