HCL looks very bullish - buying opportunityHCL has very positive momentum
RSI above ~50
Forming a cup pattern, entry can be made between 1200-1222 level
Breakout already done, Re-test can be expected on support level 1200 which was pervious resistance.
Targets are mentioned in the chart and chart is self explanatory.
Great chart setup.
Disclaimer: This is for educational purpose, pls invest as per your analysis and risk-reward.
HCLTECH trade ideas
HCL SHARE TO XCLCLOSING above 1220 and IT sector breaking the previous pivot high and markets breaking 17000 is strict to buy...else it will only give a intraday rally and cool off if the market is not supportive.
ANCHORED vwap lines are those green colour lines and shows support and resistance
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HAPPY TRADING :)
Buy Today Sell Tomorrow: HCLTECH for more than 3%HAVE A LOOK AT THE PAST PERFORMANCE ON THIS PAGE!
- Take BTST trades at 3:25 pm everyday
- Book profits within first 30 minutes of the market opening
- Try to exit taking 3-5% profit of each trade
- SL can be taken when 5/15 min candle close below 44EMA
HCLTECH inv h&s pattern resistance will it cross??chart is simple and self explanatory
resistance level pattern formation .
breakout sustain or fall
observe as posted for self learning and sharing to inhance technical analysis pattern.
market always risky confirm at ur end technical fundamentals
risk is ur decission is ur.
Good swing and positional setup.Hey guys.
As you see HclTeach was in downtrend and now its breaking its trendline. Yesterday it took resistance from 50 period moving average but in daily timeframe you can see a clear inverse head and shoulder pattern so once it crossed its daily 50Ma and give closing up to 1200 as shown by the resistance line we can go for a swing trade of 5 percent and for positional target would be 12 percent. Manage your risk according to your risk appetite .
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.