HCLTECHNSE: HCLLTECH 1188
-Triangle Like Formation Breakout
-Closing At Resistance
-Price Confirms But Volume Missing
-Next Levels To Watch 1190-1215-1240-1265
-Support Levels Are 1150-1135-1110
-Closing Basis
HCLTECH trade ideas
HCLTech less risky entry analysed on 1 nov 2021less risky entry possile as the stock is near to IMP
trend line support
fundamentally the stock is also good and
as observed that fundamentally trading less than other IT stock PE though has high growth rate of sales 5yr and 3 yrs com to TCS and INFY
also looking at the it space big stock like TCS is also available at that IMP trend line support so IT as sector can give good returns from here
#HCLTECH updated harmonic pattern#HCLTECH pattern worked perfectly.
PRZ-1138
Sl-1103
CMP:1143 @ 31 October 2021
HCL techat support formed apna wala candle bullish setup good RR one can add for 10% move in nxt 15 trading session with days low as sl on closing basis.
HCL TechHCL Tech
Reasons/Traits :
• Bullish Gartley harmonic pattern is forming (gets confirmed if price goes and stays below 1254)
• Price below 13 EMA ready to touch 50 EMA
• Price is below 0.236 retracements levels
• RSI falling
What can happen next :
Scenario 1 : Price sustaining above 1265 levels can take it to 1285/1335/1365/1400 levels
Scenario 2 : Price break down below 1254 levels can take it down to 1227/1182/1135/1070/980 levels
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
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HCLTECH is a GO for 30% growthTechnical indicators are bearish at the moment but after it takes the turn upside, financials are supportive and if it supports the trendline pattern a big swing in upside is awaited - 3 months hold can give 20-30%.
HCLTech Go long for a Target of 1300 Soon Risk reward is good in Hcltech sooo it is better to go long for a target of 1300 with 1:2.5 Ratio Trade setup
HCLTECH showing recovery after a fall of 15%NSE:HCLTECH shows fresh buying positions getting placed. RSI is also showing signs of reversal. Took perfect support and reversing back.
HCL TECH IN DOWNTRENDDescending Triangle Pattern
Parallel Channel (Down trend)
sell pe 1170
sell ce 1280
total
26 points
for oct expiry
mcpriceaction
hcl technologies -bullish bat-tf - 4hrs
REFER CHART -
can reach 1245 -1265-1285
reversed from prz zone
Negation below 1160 closing.
Educational purpose only.
This is not a recommendation.
HCL TECH Bullish pattern build upHCL Tech CMP: 945 Bullish
Key Points:-
1. CUP & handle pattern Bullish breakout.
2. Double Bottom Pattern
3. RSI after breakout Inching higher (Shows Strength)
4. Whole IT Sector is in breakout mode.
Target :- 980 -1022
Support :- 910-890
HCL TECH ANALYSIS 19.10.2021BUY : 1192 TO 1132
TARGET : 1620 TO 1678
Reason For Buying This Script :
In this script it forming Elliott wave in monthly time. Try to accumulate in lower levels.
Note :
Above given levels are based on monthly & weekly time frame . So be patience it will take some days to achieve the target.
ALL THE BEST ..
HCL technologies !!The stock is consolidating since few days and with positive results posted last week it is expected to move up further. The chart shows the expected short term targets.
HCLTECH 1d candle chart patternDISCLAIMER : This for education and knowledge purpose Before taking any decision once consult with your financial advisor or do your own research. I am not be responsible for any financial gain as well as for losses. I am not SEBI registered.
HCL TECH Price Action AnalysisThe share price of HCL Tech is delicately placed resting at the Kijun Sen Line on the day chart.. being at indecisive juncture I am analyzing the hourly price trend that may emerge in the next couple of days as a result of the price action so far....comments given on chart itself, for educational purpose
HCL Technologies - Swing Trade OpportunityGo long in the range b/w 1300-1308; STOP below 1250; Tg . 1360, 1415 & 1468.
