Hcltechshort
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.
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.
HCLTECH reacting to levelsDisclaimer: 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.
HCLTech to take short tradeHCLTech to take short after confirmation below the level of 825 after the TL broken. Rejecting from the resist level. Trading below 20 EMA. Target till no trading zone around the level of 730-725. SL level 860. Good risk to reward ratio. This is for your educational purpose only.
HCL TECH, Selling divergence on 15 min chartHCL TECH – Seems consolidating. It gave Rs 12 from the low price of selling divergence candle on 15 minutes chart. Strong support at Rs. 821 to watch out !!
Indicator used TE REKAB, it captures reversals in the market.
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This is my personal study & idea. Please take advice from your financial advisor before taking any investing decision based on above chart.
Happy Investing !
Short HcltechI 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.