HCLTECH: Bullish Momentum Awaits Quarterly Results Topic Statement: HCLTECH is on a bull run, moving in an up-trending channel, but overbought conditions may lead to a correction pending upcoming quarterly results.
Key Points:
1. The stock is rising within an up-trending channel, indicating strong bullish momentum.
2. The price is overextended above the 180-day moving average, signaling overbought conditions.
3. The sustainability of the bullish trend depends on the outcome of the upcoming quarterly results.
HCLTECH trade ideas
HCL Deep Crab SL day candle close only, Target Trigger Price
All detail for chat. good entry at mark price only. and must stoploss minimum risk and good profit. risk ratio 1:1 to manage modified SL. This is not call, Just my idea. Please understand your risk and take full responsibility of your actions
HCL TECH - Bullish Outlook | Min 25%+ upside potentialPrice Analysis & Overview:
1. Breakout & Retest of the previous ATH levels.
2. Tapped Weekly demand area.
3. EMA support taken.
4. Showing good strength in buying.
5. RRR is favourable.
Trade Plan:
ENTRY = CMP 1440
SL= 10% 1300
TP = 1:2,1:3,1:4
- Stay tuned for further insights, updates and trade safely!
- These are my personal views.
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
HOW LIQUIDITY WORKS!In trading, liquidity refers to how quickly and easily an asset can be bought or sold in the market without significantly affecting its price. It reflects the availability of buyers and sellers and the volume of trading activity for a particular asset.
Key Aspects of Liquidity:
1. High Liquidity:
The asset can be traded easily with minimal price changes.
Common in popular markets like major stocks (e.g., Apple, Tesla), forex pairs (e.g., EUR/USD), and widely traded cryptocurrencies (e.g., Bitcoin).
2. Low Liquidity:
It’s harder to find buyers or sellers, leading to potential delays or price changes during transactions.
Common in niche markets, lesser-known stocks, or illiquid crypto tokens
Importance in Trading:
Efficient Price Discovery: High liquidity ensures prices reflect market demand and supply.
Lower Risk: Traders face less risk of slippage (unintended price changes during execution) in liquid markets.
Flexibility: Allows traders to enter or exit positions quickly, especially important for day traders and scalpers.
In summary, liquidity is crucial for smooth and cost-effective trading.
#Stockmarketeducation
9% in next 2-3 months HCLTECHThis chart illustrates a technical analysis of HCL Technologies Ltd. using a daily Heikin Ashi candlestick pattern. The price appears to be forming a 'cup and handle' pattern, which is considered bullish. The breakout above the resistance level of approximately ₹1,900 indicates the potential for an upward price movement. Based on this analysis, a target of 9% is anticipated over the next 2–3 months, aligning with the pattern's projected trajectory. The chart also features 30-day and 120-day SMA lines, reinforcing the bullish trend.
HCL TechHCL Tech is trading within an ascending channel, indicating a bullish trend with support near ₹1838 (50-day MA) and resistance around ₹1950-1960. The RSI at 62.58 shows strong momentum without being overbought, while the MACD indicates continued upward movement. Traders can consider buying on a breakout above ₹1960 with targets of ₹2000-2050, or on pullbacks near ₹1838, with a target of ₹1920-1960 and a stop loss at ₹1810. A bearish trade is advisable only if the stock breaks below ₹1810, targeting ₹1760-1700. Strong volume during upward moves further supports bullish sentiment, but adherence to stop-loss levels is essential to manage risks.
HCLTECHHCLTECH :- Keep an eye on the stock, the stock has given a breakout
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
HCLTECH |Upcoming Trade set up|Hey Family, there is a one more stock Which is showing a great opportunity.
Key Points:-
* Formation of Ascending Triangle Pattern in Daily TF.
* From Sep 2024 to Nov 2024 Tested & Moving Near Resistance Many times.
* It's Near resistance Zone and trying to Sustain Near Resistance Zone with good volume good closing required.
* Volume Accumulation (Volume is Rising).
What is your view please comment it down and also boost the idea this help to motivate us. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
HCLTECH shortHCL Technologies (HCLTECH) is exhibiting signs of a potential bearish trend reversal. A clear bearish divergence has formed between price and the Relative Strength Index (RSI), indicating weakening bullish momentum.
Key Observations:
1. Bearish Divergence:
Price has made higher highs, but the RSI has formed lower highs.
This divergence suggests a potential bearish trend reversal.
2. Volume Weakness:
Volume has been declining as the price has increased, indicating waning buying interest.
3. Broken RSI Support:
The stock has broken below a key weekly RSI support level and has retested it, confirming the bearish bias.
Trading Strategy:
Short Entry: Consider shorting HCLTECH around the current price level or a slight pullback to the broken RSI support level.
Stop-Loss: Place a stop-loss order at 1900 on a closing basis to limit potential losses.
Profit Targets:
Target 1: 1700
Target 2: 1540
Target 3: 1420
HCLTECH - Eying for 1500-1550 levels?HCLTECH CMP 1757
In All likelihood, the script could potentially hit 1550-1500 levels in the coming days
Observations:
1. Stock has achieved rounding bottom breakout target (900-1380-1890) and profit booking is taking place now
2. Price has been reversing from 100% fib extension from the covid lows of 375 (375-1378-877-1888.5)
3. Price had a one way rally from 1235 levels and retracing.. 50% retracement is at 1560
4. In a single candle, price broke 20 and 40 DEMA and closed below
5. Price broke down from the rising wedge at the top
6. Price never retested the 200 DEMA after breaking out at 1410 levels..
Current 200 DEMA is at 1600 and in time, it would be around 1550-1500 (if the script continues to trade lower)
HCLTECH Elliot Wave AnalysisHCLTECH seems to be in the wave 5 of impulsive phase of Elliot wave. Wave (i) of wave 5 itself is ~240 points so the wave (iii) itself need to cross current LTH of 1698 so the full length of wave 5 can go up to 1880 that is 200% retracement of previous LTH of HLTECH - 1377.
This will be confirmed/supported if Nifty IT index too confirms C&H pattern.
* It is not a trade advise but technical analysis shared based on my understanding of patterns and personal experiences, please take any trade with applying your analysis and at your own risk.
HCLTECH Breakout with a good upside potentialHey Family, there is a one more stock Which is showing a great opportunity.
Key Points:-
* Formation of Ascending Triangle Pattern in Daily TF.
* From Sep 2024 to Oct 2024 Tested & Moving Near Resistance Many times.
* It's Break resistance Zone and trying to Sustain above Resistance Zone with good volume good closing required.
* Volume Accumulation (Volume is Rising).
What is your view please comment it down and also boost the idea this help to motivate us. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
STOCK ON RADAR - HCLTECH #HCLTECH
Day Trendlyne Momentum Score
66.3
Score is 66.29, stock is technically moderately strong. Stocks with score between 60 and 70 are considered as technically Moderately Strong.
Day RSI(14)
RSI is 67.8, RSI below 30 is considered oversold and above 70 overbought.
HCL Technologies Ltd. has made a new 52 week high today.
HCLTECH - STOCK ON RADAR#HCLTECH
Day Trendlyne Momentum Score
66.3
Score is 66.29, stock is technically moderately strong. Stocks with score between 60 and 70 are considered as technically Moderately Strong.
Day RSI(14)
RSI is 67.8, RSI below 30 is considered oversold and above 70 overbought.
HCL Technologies Ltd. has made a new 52 week high today.
HCLTECH: Swing: 1D 14-Oct'24HCLTECH: Swing: 1D 14-Oct'24
Stock has been in an uptrend since around 27-Jun'24
Starting 02-Sep'24 the uptrend has paused and the stock has been trading in a range. Marked on charts. ADX ~ 17 also confirms range bound trade
The stock broke the trend on 11-Oct'24 with volumes greater than 50 SMA.
The stock has taken support at 9 day SMA. It also crossed over it just 2 days ago. All +ves
Entering long @ 11-Oct'24 close 1839.65
Target = Trading range height + resistance = 102.85 + 1824.35 ~ 1920
Stop Loss = 1 ATR below the resistance = 1824.35 - 39.65 = 1784.70
Exit criteria = Hits StopLoss || Reaches Target || Price goes below 9 EMA
Risk:Reward = 1.46:1
HCL TechnologiesBreakout at 1830 will create new highs.
Positive candle closing above 1830 will be a buy Target will be 1899.
All important points are marked.
𝐃𝐢𝐬𝐜𝐥𝐚𝐢𝐦𝐞𝐫: 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐢𝐧 𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐢𝐞𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 𝐚𝐫𝐞 𝐬𝐮𝐛𝐣𝐞𝐜𝐭 𝐭𝐨 𝐦𝐚𝐫𝐤𝐞𝐭 𝐫𝐢𝐬𝐤𝐬, 𝐫𝐞𝐚𝐝 𝐚𝐥𝐥 𝐭𝐡𝐞 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐝𝐨𝐜𝐮𝐦𝐞𝐧𝐭𝐬 𝐜𝐚𝐫𝐞𝐟𝐮𝐥𝐥𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐢𝐧𝐯𝐞𝐬𝐭𝐢𝐧𝐠. 𝐒𝐭𝐨𝐜𝐤𝐬 𝐬𝐮𝐠𝐠𝐞𝐬𝐭𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐠𝐫𝐨𝐮𝐩 𝐚𝐫𝐞 𝐟𝐨𝐫 𝐞𝐝𝐮𝐜𝐚𝐭𝐢𝐨𝐧 𝐩𝐮𝐫𝐩𝐨𝐬𝐞. 𝐖𝐞 𝐝𝐨𝐧𝐭 𝐦𝐚𝐤𝐞 𝐚𝐧𝐲 𝐩𝐫𝐨𝐟𝐢𝐭𝐬 𝐟𝐫𝐨𝐦 𝐭𝐡𝐢𝐬 𝐫𝐞𝐜𝐨𝐦𝐦𝐞𝐧𝐝𝐚𝐭𝐢𝐨𝐧𝐬 𝐞𝐯𝐞𝐫𝐲𝐭𝐡𝐢𝐧𝐠 𝐬𝐡𝐚𝐫𝐞𝐝 𝐡𝐞𝐫𝐞 𝐚𝐫𝐞 𝐜𝐨𝐦𝐩𝐥𝐞𝐭𝐞𝐥𝐲 𝐨𝐟 𝐟𝐫𝐞𝐞 𝐨𝐟 𝐜𝐨𝐬𝐭.