1. I have taken the length(Complete candle(body range and wicks)) of the DOJI(marked as 'D') and placed exactly at the top of the candle, which likely become a destination for the price in this move.
2. As the price has already hit(2Xlength of the DOJI), it may take U turn and take a support at 1270 or 1254. I see, there is no volume at 1270, so it hit...
*HCL Tech*
Time Frame - weekly
Study -
-- After long run profit booking seen
-- After profit booking reversal seen
-- After reversal again profit booking seen
-- No consolidation going on, Kind of Symmetrical triangle pattern seen
Above 1100 looks good
This chart is only for educational purpose do your own study before taking any trades
Stock Name - Hcl Technologies Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 1257
#This is not Buy and Sell recommendation to any one. This is for...
NSE:HCLTECH Analysis on a Daily Timeframe!
Entry = Above 1775.35
Stop Loss = Below 1144.10
Target = 1203.45
Disclaimer = All my analysis is for Educational Purposes only. Before entering into any trade -
1) Educate Yourself
2) Do your research and analysis
3) Define your Risk to Reward ratio
4)Don't trade with full capital
simple ORB strategy....i will buy near EOD if the price trade above the blue line..after enter (sl) red line below close candle in D' chart i will come out .....target minimum 12% and above
its just my view educaltional purpose only
◇ Keep a lookout For Breakout.
~Multiple Time Frame Analysis~
○ On 1W Time Frame.
• Ascending Symmetrical Triangle Breakout can be seen, Which indicates the stock is in uptrend.
(Orange dotted line on the chart represents Resistance and support line From weekly Time Frame.)
○On 1D Time Frame.
• The stock is making Higher low And Higher High, Which...
HCL TECH DAILY & WEEKLY CHART BREAKOUT
:: DATA POINT ::
Brealout Level: @1150.00 (If Daily & Weekly Closing above @1150.00)
Target Lavel: @1200.00
Stoploss Level: @1109.00
*** Stock moving above EMA 200 & EMA 100
Got strong Support from EMA 200
Possibility of Bullish run on Short Term Perspective.
As per me HCLTECH is bullish, a triangle formed, and the stop loss will be the 1099 to 1091 area, the target is 1200+ and above. bullish in case it will retrace ment then exit at stop loss then go low, maybe high chances are bullish guys.
as per my trend and my analysis only just checks your view also for a better understanding.
thank you guys.
