Understanding intraday trades. buy and sell according to levels.
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...
Key Highlights: 1. Bullish market structure on HTF 2. Broke above the horizontal level 3. Untested demand zone below 4. Just above 200 MA on daily TF Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk. Rajat Kumar Singh (@johntradingwick) NSE Certified Technical & Fundamental Analyst
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,...
NSE:HCLTECH wait for perfect reversal, then only go for long.
NSE:HCLTECH Trade Setup for Date 03-09-2021: 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 tomorrow. ...
HCL Technologies formed a triangle pattern on 15 minute chart. Any breakout/down can give a good move for intraday trading.
NSE:HCLTECH Buy near 1060 -1070 SL closing below 990 T 1110, 1140, 1155, 1180
HCL Technologies forming a symmetrical triangle on 15 Minute chart and simultaneously taking support from the Demand and Supply Zone which was previously acting as resistance but now turned into support on multiple occasions.
HCL Technologies broke out of a Symmetrical Triangle formation on the 15-minute chart. Has already retested the Symmetrical Triangle and simultaneously taking support from a Parallel Channel trendline.
The chart is self-explanatory.
After a big rally from lockdown lows....Hcl Tech is consolidating in a range.
The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice
HCL Tech is approaching its supply zone. Looks like a good candidate to short at 1020 levels with a Stoploss of around 1040. Safe players can buy put options once the trend line is broken down. May see some movement within 2 weeks.
A descending triangle with an over valued price is a deadly combo. Short your stocks would be the ideal move right now and book profits. Fresh entry can be made only when it bounces off 799 levels. The momentum is fading and the volumes are also declining. It is having an uncanny resemblance with BTC USDT chart doing a saw tooth pattern. Risk-o-meter...