HCLtech-Symetric Triangle formationIt has formed symetric triangle on daily time frame.
its is consolidating from last 21 days.
Just keep an eye on it, green candle with big volume.
HCLTECH trade ideas
Simple Trade Setup | HCLTECH | 15-11-2021 [ INTRADAY]NSE:HCLTECH
Observations:
1) On Daily time frame, It just closed at 10DMA.
10DMA is placed at 1172.09 level range. If it sustain above it then we can see an upmove.
Please refer below chart : 1 day Time Frame.
1200 level is major breakout level.
1180 is immediate resistance.
Please refer below chart : 1 day Time Frame.
3) On 15min time frame, it is trading in triangle pattern. If it gives sustainable breakout of it then it will be quick buy trade. If it faces resistance from the upper line of the triangle then it will be short trade.
Breakdown of the bottom line of triangle will make it more bearish.
Please refer below chart : 15min Time Frame.
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Trade Setup for Date: 15-11-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
HCL TechnologiesHaving a lot of expectation for this stock to move upside. There are lot of confirmations on charts, However I am not plotting them on charts neither disclosing for now.
The probable targets are 1242 & 1273 in short term. Rest all will be updated afterwards in update idea section.
Chart & Analysis - Adarsh Dey
hcltech daily bearishhcltech daily looks bearish , facing resistance since 10days near 1192, expecting it will test the support (1144) cmp 1183,good to sell only below 1180
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 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.
