This post is for educational purpose only, please take any trade at your own risk.
C&H pattern targets already achieved, now flag pattern on monthly need to be achieved, for now 1680 seems near term target, 1880 medium term target and 2080 long term target (6 months to 1 Yr most likely)
HCL Technologies Ltd | A IT Sector Momentum Stock
HCL Tech is a leading global IT services company, which is ranked amongst the top five Indian IT services companies in terms of revenues
Financial :Strong
Market Cap n= 3,96,928 Cr. ROCE = 28.3 % ROE = 23.0 %
Debt to equity = 0.08 Promoter holding = 60.8 % Quick ratio = 2.56
Current ratio =...
Note: This is for educational purpose only. Please do not trade based on this. I am not a registered SEBI professional. These are just views for study purpose.
There seems to be a pullback post break out in HCL Tech. Moreover, the RSI and Relative strength is in bullish zone. There is a build up near resistance as well.
SL: 1100
HCLTech downtrend movement potential with RISK:REWARD 2.1
Symbol :HCLTech
Time frame :1 hour
Analysis: Break out from the symmetrical Triangle and rallied downside, re-tested, and again rallying on a downside.So, We can expect a SELL call. SELL below 1070 with stop loss 1108 and target 990.
HOPE our analysis is adding value to your Trading Journey.
NOTE:...
#HCLTECH #stockmarketindia #HCLTECHanalysis #tradingstrategy
Symbol:HCL Tech
Time frame: 2 hours
what is the analysis?
Breakout from the symmetrical Triangle for downtrend movement.
Moving average condition is checked,RSI condition is checked, so the call is fulfilled for a downtrend/sell call with Risk:reward ratio of 3.3.
Stoploss is 27 points and the...
Daily 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...
HCL has in long down trend and finally make break out of strong trend line.
And this stock fundamental also good best time to buy for swing trade and long term.
Volume is supporting the Price movement in a Weekly basis.
On daily Price decreased but Volume also decreased.
Stuck on Symmeterric Triangle.
Inside bar pattern formed.
Will wait for either side to Breakout.
Hello Friends,
Here is HCL TECHNOLOGIES Trade set up as per HARMONIC GARTLEY PATTERN, Buy above 999 with stop loss of 872 for the TGT 1121 and TGT 1219.
Happy Trading.
HCL Tech looks weak below 1115 for the lower marked targets on the chart.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
HCL TECHNOLOGIES
On daily chart Stock trading in a Channel and now at bottom of channel
Keep on watchlist for any side moveand took trade for4-7%
Also keep on watch for Intraday, with 5min chart for Targets and SL; based on support/resistance
In case of Gap up or Gap down, avoid Intraday trade
----
Note:
Above levels are for education purposes only
Do your...
On a daily time frame, the stock after a bull Run has been consolidating.
The flag and pole pattern is a bullish pattern and once it breaks out of the parallel channel it will give good targets.
Support :- 1150, 1138
Resistance:- 1223, 1254
Wait for the break out of the parallel channel
HCL Tech looks weak below 1157, sell if sustains below this level for the lower marked targets on the chart.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
