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HCl tech | inverted Flag & stock is looking to take support 🎯⭕ Swing Trading opportunity ! Daily Chart Alert !!!⭕ --short below974.60 = or CMP --Target = 925 or trendline touch --Stop-loss = 1009 --R:R =1.39 --Expected Profit = ( 5% ) --Expected Holding = 15 days to 1 Months only #ThankU For Checking Out Our Content , We Hope U Liked IT 📌 ====================================================== ⭕Technical Reasons to trade or Strategy applied :- ⭕ 1) hcltech has formed inverted flag O looks weak 2) it can possibly take trendline support to bounce back again 3) volume is good enough 4) simple method is applied here Guys check out the related ideas as well, it will worked really well !! 🙏FOLLOW for more ! 👍LIKE if think is useful ! ✍COMMENT Below your view !
NSE:HCLTECHShort
by ReviveTraders
23
HCLtech | Trendline Support Zone & descending Triangle Pattern1> HCL is respecting support zone & trendline zone as well. 2> Take SHORT entry only after breakdown from both the support area . 3> Target = 730 ( downside ) 4> Lot size =1400 5> Avoid false breakdown by entering after retracement 6> Descending Triangle Pattern , IF breakout happens then enter after retracement for upside Guys check out the related ideas as well FOLLOW for more ! LIKE if think is useful ! COMMENT Below your view !
NSE:HCLTECH
by ReviveTraders
NIFTY falls 100 points in 20 mins! Nifty - Technical Analysis: -NSE Nifty 50 index fell for second straight session dragged by weakness in banking, financial services and FMCG shares. -NIFTY was sustaining above 11550 for the first session of the day but witnessed high selling pressure during the last hour and was brought down. -It bounced from the 200SMA in 1hr candles for the second time indicating support there. Market - Driving Factors: -For most part of the day, benchmarks traded in a range bound manner with a positive bias. However, intense selling pressure in banking shares in the last hour of trade led to weakness in the benchmark indexes. -Among the sectors, the Nifty Pharma jumped 5 percent hitting a 5-year high while on the other hand, banks fell led by Kotak Mahindra Bank, HDFC Bank and SBI. -Dr Reddy's Cipla, Adani Ports, Bharti Airtel, and M&M were the top gainers while Kotak Bank, HDFC Bank, Shree Cements, Bajaj Finserv, and Maruti led the losses. Nifty - Outlook for Monday, 21th September: NIFTY is witnessing selling pressure and we have a bearish bias. If NIFTY breaks the 200SMA we can see more selling towards lower levels. Pharma continues to be the momentum sector while banks could take a back seat while IT and pharmaceutical will take Nifty higher. midcap index has a target of 18,500 while small-cap index could move to 6,700.
NSE:NIFTYShort
by Algokart
WIPRO - A CHART WITH THOUSANDS OF OPPURTUNITIESThe same pattern happened for 5 consecutive days. The pattern you can find is :- A Gap Up Opening. Then an up move to trendline. (refer the chart) Followed by fall to support @ 276/275. Also note these points :- CNXIT or NIFTYIT also has been consolidating in an ascending triangle pattern. The stock is witnessed a selling pressure at the end of the week The stock's range is decreasing day by day increasing it's chance for a powerfull breakout Beware : Please keep in mind and stay away from False Breakout Traps. Also this is not any recommendation, it is only for educational purpose. Trade at your own risk. Thank you Have a Nice day!!
NSE:WIPRO
by FAHEEMSAM
3