HCLTECH trade ideas
Stock is at Crucial Levels : HCL Tech
HCL Tech is above its long term trendline starting Nov 2020, which is been respected 6 times in the past(Trendline life - approx 18 months), price action starting Sep 21 was the HH of the sequence, followed by LH & LL...as of now, stock is at crucial level & might continue the bearish sequence starting Sep 21.....Plan 1 & 2 with levels are mentioned on the chart
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#StockMarket #StockIdeas #StocktoWatch #StockToBuy #positionalHCL TECHNOLOGIES
On daily chart Stock trading in a Channel and now at bottom of channel
Keep on watchlist for any side moveand took trade for4-7%
Also keep on watch for Intraday, with 5min chart for Targets and SL; based on support/resistance
In case of Gap up or Gap down, avoid Intraday trade
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
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HCL Tech flag and pole patternOn a daily time frame, the stock after a bull Run has been consolidating.
The flag and pole pattern is a bullish pattern and once it breaks out of the parallel channel it will give good targets.
Support :- 1150, 1138
Resistance:- 1223, 1254
Wait for the break out of the parallel channel