HCLTECHHCL Technologies is also Near the Strong Resistance in Weekly it's Made a( Hanging Man Candle) Near the Resistance Trendline two things Happen Reverse or Take Support at Previous Resistance as Support Level
HCLTECH trade ideas
HCL Technologies Ltd#HCLTECH
CMP : ₹. 1364
Date : 09-12-2023
A leading global IT giant having more than 60% promoter holdings with zero promoter pledge and low debt. ROE,ROCE,ROA all fundamental parameters are improving for last two years. After the news that HCL Technologies Ltd intends to establish a chip packing unit in Karnataka with an estimated investment of $400 million ,share prices surged. Stock is now at its 52 week high. Technically also looking good with a breakout in daily charts. The room is now opened to fresh highs. Expecting a possible movement towards 1400 - 1500 and then to 2000 with in a sapan of 3- 9 months. Stoploss @₹.1250 levels.
Disclaimer : Post only for educational purpose. Not a buying / selling recommendation. This is only my personal view. I am not a SEBI registered analyst . Do your own analysis and act accordingly .
HCL TECH# HCL TECH #
BUY ABOVE - 1180
SHORT TERM TG - 1360 - 1370
SHORT TERM CBSL - 1095
LONG TERM TG - 1800
LONG TERM CBSL - 1000
This is not an investment advice and also please note this is only for education purpose.
So before investing any single rupee, please do your own research according to your risk taking capacity and after that do invest and book profits on right time.
Breakout from 2 year solid consolidation HCL tech giving Breakout from important levels ....Consolidation was happening for almost 2 years ....Expecting rally of 6-8% in a weeks time . Dont miss the rally
HCL Tech Looking bullishOur views on HCL Tech is bullish until it's up side of trendline and target is next resistance drawn
What's yours?
HCL Tech going to rock soon. Be ready.Cup and handle, going to see very good target in weeks or months.
HCLTECH BEARISH AB=CD PATTERN IN DAILYCMP1325.40 SELLING ZONE 1328-21 SL 1336 TGTs 1288/51/12 (Positional View)
Investment_ HCL TechTrading and investing are completely different in nature.
In trading, we don't care about the prices whether it's fair or not.
We buy high and sell even higher.
But in investing, we should only buy a stock near its intrinsic value. No matter if everyone is making money except us. But, price which is justified by fundamentals are sustainable and proved sustainable historically.
"Intrinsic value is upgraded or declined based on fundamental changes. I amend my intrinsic value every year based on the growth of the company."
So here I am with a stock named HCL Tech. According to my method of calculating intrinsic value, it's not worth more than ₹700 a share.
It has broken its daily trendline on charts. And I am expecting it to come at least near my intrinsic value. Well, this will not happen overnight, it may take several months, to several years.
But, what if the stock didn't come down to my intrinsic value?
I won't buy it for investing. Never.
Short term trades can be taken, which can even last for several months, but for investing? Nope.
Disclaimer: The views expressed in this article is of my own, you're solely responsible for any decision taken in the markets. The analysis I've shared is just for informational and educational purposes only.
HCLTECHHcl tech has bullish view. break IHAS pattern. If sustain this place. Then we will see this stock price in 1500.
HCL Tech Daily Chart Study and observationsStock is holding up firmly at higher levels. We have 3 inside candles during the last four trading sessions. RSI is facing resistance around 60 and price is facing resistance around 1290. Overall structure is still bullish and once it manages to cross hurdle around 1290 we may see stong follow up on the upside.
HCL TECH-Likely Channel breakoutHCL Tech: Has bounced back after a brief consolidation.Above 1285 THE CHANNEL breakout looks stronger .As 10DEMA shows golden cross over likely to test 1300+ on sustaining above 1285.
(For Educational purpose only)
HCLTECH - aggressive short covering 30-10-2023HCLTECH is an interesting chart with following reasons
1. ABCD pattern under formation
2. Price Crossed above 20 day SMA
3. Narrowing Bollinger Bands and price trading near upper Bollinger Band
4. On Weekly chart it formed a breakout of CUP pattern and is sustaining above breakout level after testing the same.
5. RSI on all time frames (daily/ Weekly/ Monthly) strong bullish above 60 or near 60
6. As per Fib Projections next resistance can be 1278- 1303 - 1330 levels
Disclaimer: I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix
HCL TECH: Double bottom Breakout and Retest Details are mentioned in Chart.
DISC: This is not a buy or sell advice. Only for educational purposes.
Way to Financial Freedom using "SIP Smartly" IndicatorWay to Financial Freedom using "SIP Smartly" Indicator
Actually you don't need complex systems or setup or daily trading to reach your goal, just some simple steps, discipline and patients will help you to achieve your financial freedom.
1. First select a list of best high quality stocks.
2. Add "SIP Smartly" indicator for all the stocks in your list.
3. Adjust the settings as per your needs (buy quantity, year etc.)
4. Enable alert notifications as per your preference.
5. Buy the stock when ever you get an alert for it.
6. Keep repeating this for all stocks.
7. Let the magic of compounding happen $$$ :-)
Actually example as shown in the chart of NSE:HCLTECH if you had started SIP in year 2000 with a fixed buy quantity of 50 units each time you got an alert on your SIP Indicator then by now you would have made 400 + % gains...
Disclaimer:
This is not a financial, investment or trade advice. Its only for educational purpose.
HCLTECH BEARISH HARMONICSCMP 1305
SHORT IN 1305---1320
TGT 1270 / 1250 / 1230 / 1200 / 1185
CBSL 1380
Regards..
Keshav..
17/09/2023
Disclaimer. I am not a SEBI registered advisor. All views shared on this channel and group are my personal opinions shared for educational purposes .. Good Luck 😉
HCL TECHNOLOGIES PRICE ACTIONHCL TECHNOLOGIES weekly timeframe channel breakout with good candle and retest channel entry good entry 1:2 R:R is good but volume is not hike so close SL to trail
HCLTECHHCL TECH looking ABOVE 1212.
Buy above given level in charts in weekly time interval.
please wait for weekly candle close.
NOTE- Only for Education Purpose.
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HCL Tech - Infy hangoverThe entire IT sector will face the blowback of the Infy fall.
Short below 1215 with a SL above 1230.
Short term breakdown in place.
HCLTECH buying zoneHCLTECH charts and indicators are looking bullish and expecting a bull rally of 8% and target of 1350-1360
HCL Tech Hourly breakout structureHCL Tech Long candidate
Buy above 1256
Targets of 1268 / 1288
With SL below 1249
Trade Setup
>Reversing from 0.5 Fib retracement of the recent rally.
>Good consolidation range from recent few days.
>Hourly Bullish engulfing with good volume support.
>Hourly RSI and MACD forming Divergence
>Results on 11 Oct, can trigger as a catalyst for bullish momentum.
>Nifty IT is looking bullish as well.
(For educational purpose only)
HCL Tech (09/25/2020 to 10/02/2020)Currently nuetral to shorting based on the sentimates...
All the charts have taken support at 20 % fib retracemnets at a longer picture so it can go till 38% and pull back
Bearish flag pattern formation in HCLTECHbearish flag formation detected in 15min timeframe in HCLTECH
Go short once price breaks the lower level of the flag and SL could be the lower wick of the break-down candle
Happy Trading. Cheers :)
#equity #hcltech
HCLTECH - Where is HCLTECH?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 1254.
Note: As RSI is around 71, expect the price fall with minimum speed and not ready for SHORT. Short can perform only if the price closes below 1275.
Please refer Yellow color candle(Engulfing formed between two red candles).
