Hcltechlong
HCL Tech will try to break its resistanceHCL Tech is likely to break its Resistance and show a strong upside move. With a major support of 895, downside movement is less probable. RSI and Stochastics also indicate the upside momentum. A strong buy after the breakout is expected. Place stop loss at 890.
HCL Tech - Sings for Buy & AccumulateHCL Technologies
The chart pattern shows the signal of retracement. Can think of buying and accumulating at this levels. Potential upside for about 10%-20%
The target levels are 954, 992, 1054
It can be accumulated, If it comes down from the current price.
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HCL TECHNOLOGIESHCL TECHNOLOGIES
fundamentally strong and P/E is showing it's cheap to BUY now for LONG term investors.
1067.80 has a Strong RESISTANCE LEVEL if breaks this level BUY, and 1067.80 will become STOP LOSS.
If failure to break becomes reversal 1067.80 will become STOP LOSS and go for SHORT.
Note: These Targets for only Long term investors and Positional trader. not for short-term traders.
HCL TECHNOLOGIES - IMPORTANT LEVELS FOR MARCH 2021
Go Long above 960
Go Short if the price pierces down through the grey zone.
Go Short if the downtrend line does not hold.
Use appropriate risk-reward ratio.
Always use a stop loss.
P.S: This is NOT investment advice. This chart is meant for learning purposes only. This is my personal journal. Invest your capital at your own risk.
Taken support on 30 minutes time frame.It's time to move up now if S3 not broken.
targets and support on the chart.
What is Channel Chart Pattern?
Channel Chart pattern is a type of technical analysis in which the price movement is contained between the two parallel trend line and it is very easy to notice this pattern in real charts.
Channels basically work on support and resistance. It consists of the following parts:
1.Upper Trendline: It serves as a resistance in the pattern. It is a straight line and at least have 2 points, the more the better. When the price touches the upper trendline, it can be used as a selling signal.
2.Lower Trendline: It is also a straight line and has at least 2 points, the more the better. It serves as a support in the pattern. When the price touches the lower trendline, it can be used as a buying signal.
HCL Tech NSE trading @ 928.35
An amazing script for Investors.
HCL Tech has been in an uptrend since March 20 and doesn't look weak in anyway.
An expected correction has been happening since 13th Jan 21 but the candles have been taking support along the trend line since 31st Jan 21.
We can consider this correction as a 'Continuation Bullish Flag' and expect a very strong bounce back soon.
First resistance can be seen at 1020 levels after which HCL Tech might go on to touch new highs above 1070 levels.
RSI looks a little weak but one strong bounce with good momentum will change the trend on RSI as well.