Inversed Head & Shoulders + EMA + S & RThe support has taken support at key level and trading above key moving averages.
Favourable risk & reward of 1:2 and entry, exit & stop loss mentioned in charts.
Thanks
HCLTECH trade ideas
HCLTECHThis stock has retraced approx 21% from its all time high and now has pulled back after retesting its support. Buy above 1190, TGT 8 to 10%. For educational purpose only.
HCLTECH important levels for long term investmentHCLTECH important levels for long term investment
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Downtrend breakout opportunity! GRAB it!Here's a possible downtrend breakout for the next trading day. Check for volume confirmation before entering the trade
Trend Analysis - Bounce from SupportHCL Tech is one of the leading IT companies quite similar to Wipro and Infosys.
It seems it has reached the trendline support and shown a healthy bounce of 4% in 4 days
The share dragged because of lower than expected quarterly earnings and PE wise, it is trading at 27 while TCS, Infosys and Wipro are between 34-36 region.
TCS has made a similar pattern as well and it will be interesting to see how these 2 shares pan out in the coming days.
I don't expect any impulsive move but slow and steady upside move.
Buy at CMP for 10 to 15% returns.W pattern formed after correcting 18-20 %. Also volumes increased in last 2 days. Good stock buy from IT sector for short term.
HCLTECHbouncing from the previous breakout even the 200 ema is providing support can be a short term trade
HCLTECK LONGHCL is under good buying
Technical : FibRetracement
Trade Type : Swing(2 months)
Target : 15%
Fundamental : Good
Hcl tech analysisLooks good at support levels
Looks like it is taking support n making double bottom
#Hcltech cash : Looks good above 1145.10#Hcltech cash (Trade when trend is positive)
29.11.2021
Looks good above 1145.10
and more above 1152.10
Stoploss 1130
Target 1174/1198/1240
Cmp 1133.15
Hcl Technologies LimitedBullish flag pattern in Hcl Technologies Limited. wait for the breakout with high volume
HCLTECH sell below and can be easily acheived target .HCLTECH can easily shorted from the bounce and can easily acheived target.
HCL TECH BUY FOR 1400++ AT GIVEN LEVELSDIP CHAHIYE THA SABKO AB BUY KARO DIP MIL RAHA TOH..
SIMPLY BUY AND RELAX..
TRADE wisely.
WE CAN JUST PREDICT.
Disclaimer: I am not a SEBI registered advisor , so before entering on my view plz ask your SEBI Registered Advisor . Profit is your and loss is your.
PLEASE LIKE AND SHARE IF YOU AGREE WITH THE IDEA
Bearish view for short term in one of the top IT companiesCan correct till the support line and the 100% retracement levels of fibonnaci.
Bears can go ahead and sell for targets of 1100-1070. Bulls and investors can wait till it takes support at the given levels of 1070.
HCLTECH LongI hope you can now see how HCLTECH represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
SHORT TERM VIEWLOGIC,LEVEL AND TARGET WELL MENTIONED IN THE CHART
NOTE -The above interpretation from the chart is my personal view and doesn't guarantee any success.
(Do talk to your financial advisor before making any investment decisions)
please like, share and comment if you have any suggestion regarding this analysis.
HCL - Approaching a demand zoneKey Highlights:
1. Bullish market structure on HTF
2. Broke above the horizontal level
3. Untested demand zone below
4. Just above 200 MA on daily TF
Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
Rajat Kumar Singh (@johntradingwick)
NSE Certified Technical & Fundamental Analyst
