HCL TECH ---POSITIONAL-- DAILY CHART
1. HCL TECH seen trendline breakout on daily chart at todays daily candle
2. Stock seen double bottom formation at 880 sub level before breakout done today
3. trix line seen bullish crossover at current level .
4. one can BUY 935-945 for positional target 1000-1050-1100 ( 1 Month) Stop loss can be place bellow double...
HCL TECH -- HOURLY CHART -- INTRADAY SETUP -- 04/07/2022
1. HCL tech seen trendline breakout last hourly candle on hourly chart
2. Stock seen 44 , 200 HMA support at bellow last hourly candle
3. stock trading near channel bottom support pullback can seen from this level
4. Histogram seen supply decrease at current level from oversold level , double bottom...
Seeing a potential for short term pullback as with many other names I've been tracking. If we break the longterm trendline then potential for 521 around 11/25. Long term to next year I am bullish with an interesting alignment of 1181 on November 18.
Coforge is taking support on a trendline on 4 Hour timeframe.
And taking a horizontal support too at around 2420.
And according to the short term fibonacci it is exact at 0.236 and according to medium term like from 21 Dec it's at 0.786.
If it takes support at 2420 and Nifty is also bullish then wait for an 1 Hour candle to close above 2450.
Summary For Swing...