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).
HCLTECH trade ideas
HCL TECH*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
HCLTECH - Ichimoku BreakoutStock 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 education purpose and a helping hand to learn trading in Market.
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HCLTECH Analysis!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
HCL TECHNOLOGY ◇ 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 indicates again that the stock is in uptrend.
■TO INITIATE A TRADE,
● Wait for the Breakout on daily Time Frame, only initiate the trade if the stock gives closing above the resistance line on a daily basis.
● SL can be maintained below the Breakout candle or at previous swing low.
● The green dotted line on the chart represents Eventual Targets.
● Atleast Maintain a risk reward ratio of 1:1
*This is not a call, For education purpose only.
HCL TECH DAILY & WEEKLY CHART BREAKOUTHCL 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.
HCLTECHAs 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.
HCLTECH makes a significant breakout.Over the last 10 months HCL TECHNOLOGY has shown a remarkable upward trend, consolidating into decent triangular pattern. Last week it breached its trend line and indicating a good potential move. If the market remains Bullish, there is strong possibility this will outperform.
If market favors, this stock is more likely to show a decent move as it is still down by 12% from its all time high level.