HCLTECH is ready for 1200 levelsNSE:HCLTECH is ready for 1200 levels as it has given a good breakout and sustained it.
HCLTECH trade ideas
HCL TECH 17/07/23Levels according to me
For Education and training purposes
Any views about this are welcome
HCL TECH forms an indecisive candle at @9:15 after that we found a strong bullish candle so we entered a trade keeping a small stop loss and a big target.
HCL - A trading ideaSetting up nicely intime for earnings week...target of 1300 in sight but has to leapfrofg 2 obstacles, an unfilled gap between 1270-1290 (which it may or may not fill up) and a possible resistance at 1215 ...
was trading in a range and has since come out of the range so target is considered as the range width...price entering back nto the range is stoploss for the trade
HCLTECH - Resistance breakout - 10% upside potentialHCLTECH has given good breakout from 1155 resistance zone with good volumes.
Target: 1280+
SL: Daily candle close below 1155.
HCL Tech breakout Rectangle, H&SA rectangle Pattern breakout is there on daily chart (shaded rectangle marked on chart)
A head and shoulder breakout is there on 4 hrly chart (marked on chart)
1155.7 is an important resistance line , and has been broken (yellow horizontal line)
On breakout, the vol is higher than average, and ATR is also higher than average
Trade : Tgt 1246 = ,SL =1095
Immediate supports can be taken as SL (marked as red horizontal lines)
Immediate resistances can be taken as Tgts (marked as green horizontal lines)
Depending on preferred risk, preferred time frame, and coming volatility, Tgt and Sl can be set
Keep RR Ratio 1:1
HCL Breakout & Retest PatternOn the daily chart of HCL Technologies, we can observe a strong breakout above a resistance zone that was tested multiple times. Following the breakout, the price has pulled back to the flip zone, presenting a potential swing trading opportunity.
For an entry, it is advisable to wait for the close of a strong bullish candle near the flip zone before going long. This will help to confirm the bullish momentum and reduce the risk of a false breakout.
Regarding the stop loss, it is recommended to place it below the flip zone to limit potential losses if the price does not follow through with the expected bullish movement.
Regarding the target, it would be prudent to aim for the next resistance zone, as marked on the chart. This area represents a potential area of profit-taking and could stall the upward momentum of the price.
Thank you for reading. Please consider liking and following me for more trading insights.
BREAKOUT, HCL TECH, 35% RETURNS!!!BUY - HCL TECHNOLOGIES
CMP - Rs. 1180
Target - 1: Rs. 1421
Target - 2: Rs. 1592
.
Timeframe - 4-6 months
.
Technicals - Bullish Triangle Breakout
.
This is just a view by an expert analyst, please invest at your own risk.
.
Follow me for more!
HCL heading towards next swing highHCL heading towards next swing high of 1214, 1150 earlier resistance has become support zone.
"HCL Technology: Bullish Reversal with Inverted Head & Shoulder"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, which is a reliable trend reversal formation.
- Entry Range: Consider entering the trade within the range of 1160 to 1175 for optimal risk management and potential profit capture.
- Stop Loss: To safeguard against adverse price movements, set a closing basis stop loss at 1100.
- Target Levels: The price targets for this bullish setup are 1360 and 1470, offering significant upside potential.
Disclaimer:
Please note that trading and investing involve risks, and it's essential to conduct your own analysis and consider market conditions before making any trading decisions.
HCL TECH .... Weekly W Stock is nicely setup for big move. With "W" breakout on weekly chart stock is on track for higher levels.
Keep on radar..
HCLTech looks bullish above 1157Buy 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 your financial advisor before taking trade.
HCL Tech Breakout setupIn 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 responsible for any profit and loss
HCLTECH - Weekly AnalysisIn 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.
HCL Tech - Pullback post breakoutNote: 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
HCLTECH IS COMING OUT FROM LONG TERM RESISTANCE Hcltech is breaking long time resistance
RSI hott🔥,MACD crossover seen
trading above 20ema
immediate target can be 1210
for education purpose
HCL Tech ready!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.
HCLTECHHCLTECH 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.
