HCL Short TradeUpward Channel is broken on the downside with a bearish engulfing candle
Close below the channel
support of 100 MA broken
MACD gives a negative sign
Go short
SL 1242
Target 1110
HCLTECH trade ideas
HCLTECH - At crucial levels again with small stopHCLTECH can be accumulated as well with a small stop below Friday's low.
View negated if it closes below yesterday's low.
Long #HCLTECH - TGT - 1280, 150 DMA Support#hcltech (Trade Research - 2)
Buy above 1170
Target (1) - 1250 in 30-50 Days
(Reward - 6.84%)
Target (2) - 1320+ before Q4 2022
(Reward - 12.82%)
HCLTECH Positional View !!HCLTECH : cmp : 1167.95
After the significant correction ,
it's trying to form Cup and handle Kind of pattern in daily chart.
Can we expect this ? Good base formed near 1100 -1120 level.
So downside limited.
Accumulation Zone : 1145 1175
Profit booking Zone may be : 1285 - 1356
Sl 1132 Dclbs/According to your risk appetite.
Positional TGT1600+
SL 1102 Dclbs
February future OR Feb 1200/1250 CE can be look after.
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HCL Tech for longHCL is approaching its major trendline support and if we find a reversal its going to be an excellent buy.
HCLTECH - Trading near ATHHCLTECH is trading near the ATH and it is about to break. It is expected to move another 250 points up as per the structure, lets see.
HCLTECHBuy HCLTECH above 1323
SL - 1308
TARGET - 1352
it is for short trem( 1 Week - 1.5 Week)
IT IS FOR EDUCATIONAL PURPOSE ONLY ,DO OWN RESEARCH BEFORE NSE:HCLTECH ORE BUYING
HCL TECH
educational idea
if hcl tech posted good results we expect the stock May go for given target levels to inspire us,Please like the idea If you agree with the analysis.
HCL Tech trend analysisRange bond from last 15 day, chances are high for breakout. Price got support from demand zone and good to buy if price sustain over 1175/1195.
1st safe target 1240.
Double Top Supply on this zone - RSI also lost the strength, expecting a downward move towards its support area.
Disclaimer: View for Educational purpose only, not to be taken as a trading recommendation.
IH&S breakout in HCL techHCL tech has given breakout of inverted Head and shoulder pattern. if sustain , then can give very good return.
rest is detailed over chart.
Disclaimer : This is for educational purpose only
HCLTECHNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
CUP AND HANDLE STRATEGY Hcl tech forming a cup and handle pattern in daily timeframe , Also stock near it's 52 week high .Go long after breakout .
HCL - Previous Trend line Resistance acted as support1. Previous Trend line Resistance acted as support
2. Now on Short Covering zone
3. Breakout Entry - Daily Open & close above 1196 (or) Weekly Open & Close above 1185
4. Retest Entry Zone (1120 - 1132)
5. Stop lose - Below 1090 - Weekly close (or) Daily open & close
📊 HCL Technologies Target 🎯NSE:HCLTECH
As One can see bearish Harmonic pattern on HCL Technologies stock chart we are using this pattern for target first and then if we find resistance or reversal sign at PRZ then after such conformation we could go short as well.
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone).
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
HCL TECH LOOKING GOOD FOR ANOTHER UPSWINGA very nice parallel channel, and breakout from INVERTED H&S
