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.
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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...
The stock already closing below the trend link and expected to test 900 and 860 levels if sustain below 950.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
HCLTECH had made bearish butterfly pattern.
Expecting 900 level in coming sessions.
Market is being bearish after long uptrend move.
Do your own analysis.
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.
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...
Disclaimer: 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 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 – 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.
#TradingEdge Academy
The Indicator used shows Reversals forming in live market, it is a whole setup in its own and is very helpful for...
