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HCL TECH - SWING TRADE ON LONG SIDESymbol - HCLTECH HCL Tech is currently trading at 1360 1300 - 1360 is a good support area for HCL Technologies Ltd. I'm seeing a trading opportunity on buy side. Buying HCL Tech Futures at CMP 1360 I will be adding more if 1330 comes & hold with SL of 1295 Targets I'm expecting are 1440 - 1485 & beyond. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
NSE:HCLTECHLong
by akshit_official
11
Abbott India: 28% Upside in few weeks (Read below)1. Abbott India has posted strong Q4 numbers signalling a good quarter for Pharma sector overall 2. The Nifty Pharma Index has shown a bounce back from 18400 levels today with potential to rally to 19200 or beyond to 20000 if other companies post strong results too in the coming days 3. Nifty 50 bounced back from 22000 levels too today 4. If both Nifty and Pharma Sector continues the rally, then Abbott is sure to achieve its target in coming days (rather quickly) Technicals: 1. Abbott has created a rounding bottom pattern with neckline at 28500 and base at 25500. The target comes at 33500 based on the pattern. This gives an upside of about 28% from current price 2. The price have been rejected multiple times by the blue trendline. Watch for a clear break above this trendline (around 26400 levels). A strong close above this line will indicate a bullish move going forward 3. The price is above the 200D SMA (purple line) but below the 50D SMA (orange line) 4. Currently the price has broken above the 20D SMA although got rejected by the upper Bollinger band (green line and blue bands) during intraday hours Strategy: 1. Look for a clear closing above the trendline with strong volumes in next trading sessions 2. Look for rally in both Nifty and Pharma sector 3. If all parameters match, take entry around 26400-26500 levels with stop loss around 25350
NSE:ABBOTINDIALong
by tej_s9
SWING IDEA - JKLAKSHMI CEMENTJK Lakshmi Cement , a key player in the cement industry, is currently exhibiting compelling signals that shouldn't be overlooked. In conclusion, stock's technical landscape is painting a promising picture for prospective investors. Reasons are listed below : The stock has undergone multiple tests at the critical 890 levels, showcasing resilience and now displaying a promising attempt to break through. Over the past 7 weeks, stock has demonstrated robust consolidation at its all-time high, indicating a solid foundation for potential upward movement. A clear bullish trend is evident as the stock continues to establish higher highs, signifying positive momentum and growing investor confidence. The stock is currently trading above both the 50-day and 200-day EMAs, affirming the continuity of the prevailing uptrend. Target - 1069 // 1158 Stoploss - weekly close below 819
NSE:JKLAKSHMILong
by Visionary_Growth_Insights
2