Description:
HCL Technologies (HCL Tech) has formed a visually striking bullish head and shoulders pattern on the price chart, indicating a potential upward trend. Traders and investors may find this setup appealing for potential trading opportunities
Key Points:
- Pattern Type: The pattern observed in HCL Tech's chart is a bullish head and shoulders pattern,...
Buy HCLTech above 1157, Target 1189 - 1200 and SL of 1133, Short term trade. Reason for trade, Price has taken rejection 5 times from supply zone (see the chart supply zone - 1148 to 1156). Once breakout above supply zone, we can see target of 1189.
Please Note I am not SEBI registered advisor, this is just my view and is for educational purpose. Please consult...
In today's trading session, HCL tech gave the breakout of the resistance line. We can see a consolidation before a breakout. it is a single that this breakout can sustain above the breakout zone. Let's see the game.
Disclaimer - I am not a SEBI-registered technical analyst and advisor so contact your financial advisor and make a self-decision. I will not be...
In the Weekly Chart of HCLTECH ,
we can see that; after multiple times failure of Cup & Handle,
It has given trendline breakout but it is not strong.
let it retest and then wen achieve good Risk ratio award.
Note: This is for educational purpose only. Please do not trade based on this. I am not a registered SEBI professional. These are just views for study purpose.
There seems to be a pullback post break out in HCL Tech. Moreover, the RSI and Relative strength is in bullish zone. There is a build up near resistance as well.
SL: 1100
Chart -> HCL Tech Daily
Breakout of 4 times resistance.
CMP: 1168
Good Range To Buy: 1150 to 1170
Target: 1215, 1275, 1360
SL: 1130 Daily Close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
HCLTECH has recently broken out today, indicating a potential bullish move. It is recommended to wait for confirmation through the closing price before considering a position.
HCL TECH forming a Cup and handles pattern post-testing multiple institutional resistance levels, Possibly this time will get a breakout and will get a good target.
Is it Darvas Box ? I think yes.. Let's see how this works...Positive biased as JP Morgan as given negative outlook !! But I will not buy now.. Market seems overheated
HCLTECH forming Cup & Handle Pattern
Should give breakout above 1157-1158
HCLTECH
Above 1157-58
Looking tgt 1180-1200-1240++
Very short term
Keeping on radar HCLTECH 1150 CE
