HCLTECH trade ideas
HCLTECH TRIPLE BOTTOM :Hi everyone let talk about the chart
in the chart we can see "triple top bottom " and don't depend on it .It can Break the 'Support and Resistance" don't buy or sell quickly be in the patience .
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HCLTECH is still stuck in 980-999 rangeNSE:HCLTECH has been stuck in this range for almost one month. If it breaks 997 with good volumes then only it can rally towards 1020-1050.
HCL Tech at its resistanceHCL Tech is approaching its supply zone. Looks like a good candidate to short at 1020 levels with a Stoploss of around 1040. Safe players can buy put options once the trend line is broken down. May see some movement within 2 weeks.
HCL Technology going bearishA descending triangle with an over valued price is a deadly combo. Short your stocks would be the ideal move right now and book profits. Fresh entry can be made only when it bounces off 799 levels. The momentum is fading and the volumes are also declining.
It is having an uncanny resemblance with BTC USDT chart doing a saw tooth pattern.
Risk-o-meter Dangerous
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HCL TECH FORMING A DOUBLE BOTTOM AT A VERY IMPORTANT ZONE1) DOUBLE BOTTOM IN HOURLY TIME FRAME
2) RSI DIVERGENCE SEEN
3)BUYING ABOVE 915 ONLY
HCLTECH is showing positive closingNSE:HCLTECH is showing positivity in it's price. The candle has closed above it's 9 DEMA. RSI is also above 50. If NIFTYIT shows positivity tomorrow then it can test again 1000 levels. Waiting to see it at 1050 again.
OPTION BUY FOR INTRADAYFOR HCLTECH READY TO DOWN SO U CAN TRY PUT OPTION 950 buy price 1 to 0.70 target 3 TO 7 NO S/L
LOT SIZE 700 / GOOD STRIKE AND VOLUME / LOW INVEST---- HIGH PROFIT
MONDAY GAP UP 982 TO 986 SO CURRENTLY OPTION 1.45
INTEREST SAME LEVEL SELL S/L 997 TAR 973/969/958
GAP DOWN OPEN DON"T TRY---
HCLTECH is still above 9 day moving averageNSE:HCLTECH is still above 9 day moving average on daily timeframe. It can touch it's resistance levels of 1000-1020 this time. Cross over is also there 9 is above 20. Great sign of bullishness. Fingers crossed.
