HCLTECH trade ideas
HCL Technologies investment opportunityAttractive valuation, strong fundamentals, Low RSI, Fibonacci support level, 100 days moving average support level.
Perfect time to start accumulating the stock for long term.
HCL brokedown to take support NSE:HCLTECH
Sharing an update from the chart we shared on saturday.
HCL was expected to stay in range or give breakout, but HCL brokedown and took beautiful support at the red line(GAP).
if some one shorted at 945, he would have got a good 15 rs move from the blue support line
HCL trading in range of 940 to 960 HCL can be seen range bound.
Lower support is at 940.
Upper Resistance is at 958-to 960.
People can use range bound trading .
One can buy both PE and CE and the trendlines separately.
For going long always :
check
1. RSI
2. MACD from red to green
3. SQZMOM_LB from red to green
4. Price above VWAP
5. Volume above Exp Moving average NSE:HCLTECH (volume EMA for 9 period )
Hcl is going to rise soonerHcl is going to give a breakout sooner
Once it break the line it can go upto 1000 or more
Taken support on 30 minutes time frame.It's time to move up now if S3 not broken.
targets and support on the chart.
What is Channel Chart Pattern?
Channel Chart pattern is a type of technical analysis in which the price movement is contained between the two parallel trend line and it is very easy to notice this pattern in real charts.
Channels basically work on support and resistance. It consists of the following parts:
1.Upper Trendline: It serves as a resistance in the pattern. It is a straight line and at least have 2 points, the more the better. When the price touches the upper trendline, it can be used as a selling signal.
2.Lower Trendline: It is also a straight line and has at least 2 points, the more the better. It serves as a support in the pattern. When the price touches the lower trendline, it can be used as a buying signal.
HCL Bullish trendThis is the last 2 week analysis forming channel pattern you can long at 952-954 if it doesn't give you breakdown keep target around 973-975. Feel free to advice
INVERTED FLAG N POLE PATTERN IN HCLTECH (BEARISH)A bear flag is a technical pattern that provides an extension/continuation to an existing downward trend. The bear flag formation is underlined from an initial strong directional move down, followed by a consolidation channel in an upwards direction
#Hcltech cash : Looks good resistance 982 and 1000#Hcltech cash
11.02.2021
Risk Free above 1000 levels
for 1080-1090
(Resistance @ 982)
Cmp 970
HCL TECH - Bullish BAT pattern visible for short term swingHCL TECH - Bullish BAT pattern visible for short term swing for 3 targets. Make your choice.
Please make sure to use SL with your trades. Happy trading.
HCL TechnologiesIt may retrace upto 920 Level. But looks attractive for BUY.
STOP-LOSS & TARGET all would be updated afterwards.
Chart By - Adarsh Dey
HCLTECH Trendline Breakout and retestNSE:HCLTECH Levels already mentioned.. Look for Intraday to Positional..
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Note:
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