HCLTECH trade ideas
HCL TECH again at BUYING/DEMAN80 zoneAs you can see previously on the chart on 1D timeframe, 906-909 zone has acted as a good support zone, and also a good bounce seen from these levels, can expect a good upside move only if manages to sustain above this zone, can be a good pick at around 906-909 zone with a strict stop-loss of 896 (only on a closing below basis), and if doesn't sustain above 906-909 zone and manages to close below 896 then it may show a downside move upto 880 level.
THIS VIEW OF MINE IS PURELY BASED ON TECHNICAL CHART, BEWARE OF NRES AND OTHER FACTORS.
HCLTECH - Bullish ReversalThe last resistance of 900 is acting as new support which has been successfully sustained and retested 3 times.
Again a bullish reversal is seen from 900.
CMP - 945
SL - 900
Target 1 - 1040
Target 2 - 1075
Target 3 - New all time high
If trendline resistance is broken then a new all-time high can be seen which makes this trade great from the perspective of risk to reward.
HCL Tech LongHCL Tech shows a postive trend after the fall and getting support at very crucial 895 levels.
Current MACD and Bollinger Band Explosion to higher line suggest it shows the Bull move in the cards.
I will buy it at current levels pf 935 with a small SL of 923 with a target of 980 and above in June.
Please note when it crosses Zone 1 there is no stopping this stock whic h is denoted by Purple Zone.
Personal view for educational purpose only.