HCL Tech Long Trade Set upHCL Tech is making a double bottom pattern, one can go long near 980 for target 1200 with a stop loss of 900.
HCLTECH trade ideas
HCL Tech. Stepped out of the clound for a BULL RUNGo long for HCL TECH at CMP of 980-990
For a target of 1068 to 1075
It has just stepped above the cloud and hence one can go long. Buy partial quantity and look for a little dip before going in for rest quantity.
Target possible in just 1 week.
#HCLTECH at the strong resistanceScrip name- HCLTECH
Position - Bearish
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Technicals-
1. Forming a hypothetical HNS pattern
2. Strong resistance at the marked zone
3. Volume explanation on the chart. Although, this is not the exact textbook example, but who wants that anyway!
4. My little understanding towards market structure and price action.
Do understand, many times the scrip goes deep into the marked zone, so if bounces, look for selling opportunity in the zone or if crosses above the zone, do not go short and neither go long.
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Targets-
TP1 - 903
TP2- 880
TP3 - 854
TP4 - 827
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Also, please understand the entry and exit you have to find yourself according to your strategy.
Maintain 1:3 RR minimum with target 1.
If you like my efforts and ideas, do give a like and comment to motivate me.
Regards
hcl tech looks strongbuy hcl tech above 978 with the target of 1005,1045 for positional.
one can go long for intraday with the target of 986
HCL TECHNOLOGIESBroke the Descending trendline and after a retest is paused for a rally up to 1062 to begin with.
HCL TECH BUY HCL TECH above 958 for Target1=1019 Target2=1038 SL940 ( Trade according to your own risk I am not responsible for any losses) view max 1.5 month
HCL Tech has formed Double bottom patternHCL Tech has made double bottom pattern also has broken the trend line. Safe Trade go long above 982 for the target 1030.
Note: please check all other IT company has made the same pattern line Infosyes, Tech mahindra.
HCLTECH - Trendline BreakoutStock has given BO and closed above TL after forming Double bottom. Safe above 963 for targets of 973, 985 in coming sessions
HCLTECHdescending triangle pattern breakout can be seen on chart, can be a good positional pick at around 955-960 lvl or if you trade on breakout
method can enter above 980 lvl for the given target. 930 lvl should be a stop loss (on closing basis). the possible path is shown on chart.
THIS VIEW OF MINE IS PURELY BASED ON TECHNICALS BEWARE OF NEWS.
#Hcltech cash : Looks good above 960.10#HCLTECH CASH - Dont miss
02.03.2021
Looks good above 960.10
stoploss 945
Target 978-980
(Risk free above 980 for 1040/1100)
Cmp 953.75
HCL TECHNOLOGIES - IMPORTANT LEVELS FOR MARCH 2021
Go Long above 960
Go Short if the price pierces down through the grey zone.
Go Short if the downtrend line does not hold.
Use appropriate risk-reward ratio.
Always use a stop loss.
P.S: This is NOT investment advice. This chart is meant for learning purposes only. This is my personal journal. Invest your capital at your own risk.
HCLTECH | Breakout | BUY for 12% profit | RR=3 | Short TermNSE:HCLTECH has shown a breakout. Buy position can be taken for 12% potential profit in a short term. The RR ratio is 3.
HCL SupportHCL seems to have found strong support around 904. Previous resistance is converted into support.
