HCLTECH trade ideas
#Hcltech cash : Looks good around 1070-1075#Hcltech cash -Positional call
10.05.2023
Looks good around 1070-1075
Stoploss 1040
Target 1112/1140++
Cmp 1080
HCLTECH- Bears in Control!Attached: HCLTECH Daily Price Chart Live Market as of 20th April 2023
Pay attention to the following:
1) Formation of a Double Top/ Distribution Pattern
2) A Leading Diagonal Structure marked as ABCDE , so a 3rd Wave Down can play out
3) The Elliot Wave marking signaling end of (B) Wave and (C) Wave Down pending
IT Sector is the Weakest already and there are clear Headwinds from a Fundamental standpoint for IT Stocks
HCL Technologies has Earnings today so you can expect some Big Move on the Short Side
HCLTech downtrend movement potential with RISK:REWARD 2.1 HCLTech downtrend movement potential with RISK:REWARD 2.1
Symbol :HCLTech
Time frame :1 hour
Analysis: Break out from the symmetrical Triangle and rallied downside, re-tested, and again rallying on a downside.So, We can expect a SELL call. SELL below 1070 with stop loss 1108 and target 990.
HOPE our analysis is adding value to your Trading Journey.
NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
NOTE: RESPECT The risk. SL should not be more than 2% of the capital.
Happy Trading
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intradayboth side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
follow risk management
do your own analysis
do workout
do meditation
start reading book
HCLTECH Downtrend movement potential with RISK:Reward 3.3#HCLTECH #stockmarketindia #HCLTECHanalysis #tradingstrategy
Symbol:HCL Tech
Time frame: 2 hours
what is the analysis?
Breakout from the symmetrical Triangle for downtrend movement.
Moving average condition is checked,RSI condition is checked, so the call is fulfilled for a downtrend/sell call with Risk:reward ratio of 3.3.
Stoploss is 27 points and the target 91 points.
sell at 1086 with SL 1115 and target 995.
HOPE our analysis is adding value to your Stock market trading Journey.
NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
NOTE: RESPECT The risk. SL should not be more than 2% of the capital.
Happy Trading
LONG CALL ON HCL TECHNOLOGIESBreakout is seen on both daily charts as well as 15 min charts.
Targets 1112/1135
Stop loss 1185
HCL Tech a clear winnerHCL Tech is a leading tech company that has been making headlines recently due to its impressive performance in the stock market. With the stock recently taking support from a disjoint channel on the daily timeframe, investors are beginning to take notice of the potential for a long strategy on this promising stock. In addition to this technical support, HCL Tech also maintains a healthy dividend payout that is uniformly distributed across the year, making it an attractive investment option for those seeking long-term gains.
Furthermore, HCL Tech has also taken support from a previous level on the daily timeframe, indicating that there may be some underlying strength to the stock's current price movement. When combined with the company's strong fundamentals, such as its solid financial position and impressive track record of growth, it's clear that HCL Tech is one of the most promising tech companies in the market today.
Despite being relatively underrated compared to other tech giants like Infosys, TCS, and Wipro, HCL Tech is quickly gaining a reputation as a top performer in its industry. With its impressive fundamentals and recent technical support, now may be the perfect time for investors to consider a long strategy on HCL Tech stock. By taking a cautious and informed approach to investing in this promising company, investors can potentially reap significant rewards in the years to come.
Cup and Handle PatternA cup and handle price pattern on a security's price chart is a technical indicator that resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift.
The cup and handle is considered a bullish signal, with the right-hand side of the pattern typically experiencing lower trading volume.
Script = HCl Tech
Time Frame = 1 Day
HCL TECH- DOUBLE TOP & SUPPORT ZONENSE: HCL TECH
1. Double top
2. Trendline support zone
3. RSI support area.
If Monday open below trend line support & Sustain Below for time being than we can see downside target as mention in ⚫ Black line.
HCLTECH Analysis- Why not to enter based on support or fibo onlyHCLTECH Analysis- Why not to enter based on support or fibo only. Focus on price action as well with Fibonacci.
HCLTECH Rounding TopSell HCLTECH closing 1094.85 with 1130 then targets are 1065-1020.
Selling Reasong.
1 --> Create Double Top On TOP.
2 --> Rounding Top Form On TOP.
3 --> Break the Trendline.
4 --> Trendline is also Ready to break the 40.
5 --> ADX is show the Bearish move and -DMI is rise.
6 --> Volume is also show the Bearish Move.
Sell trade in HCLTECH as breakout failureShorting HCLTECH through put bear spread with SL of 1157 for target of 1085 at current level of 1128 logic is breakout failure.
HCLTECH: Rounding TopFrom Jul'22 low of INR 877 prices have retraced to Fibonacci 61.8% retracment level positioned at 1150 zone and formed a potential double top structure. Prices have also formed a Rounding Top pattern whose neckline is in the region of 1101-1100. The measured target for the pattern is coming in the region of 1050-1045 where its 200-EMA is also positioned
As per above observations prices are likely to hold below INR 1137 and fall towards INR 1050-1045 in the coming weeks.
Trading Strategy: Sell on cmp add on rise , keeping SL of 1137 look for the target of 1050-1045.
Head and ShouldersA head and shoulders pattern is a technical indicator with a chart pattern of three peaks, where the outer two are close in height, and the middle is the highest.
A head and shoulders pattern—considered one of the most reliable trend reversal patterns—is a chart formation that predicts a bullish-to-bearish trend reversal.
An inverse head and shoulders pattern predicts a bearish-to-bullish trend.
The neckline rests at the support or resistance lines, depending on the pattern direction.
Script = HCL tech
Time Frame = 1 Day
HCLTech: Weak Candle formationNSE:HCLTECH , in Daily Timeframe, showing weakness because of:
It's near the demand zone
Created a proper bearish engulfing candle pattern
Weakness is RSI
RSI direction opposite to trend Looks bearish
if a strong bearish looking candle forms/passes through 1097.95- then likely to reach 1041.20 or 1024.15
Look for volumes/candle while entering.
Cup and Handle PatternA cup and handle price pattern on a security's price chart is a technical indicator that resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift.
The cup and handle is considered a bullish signal, with the right-hand side of the pattern typically experiencing lower trading volume.
Script = HCL Tech
Time Frame = 1 Day
Triangle PatternA triangle chart pattern involves price moving into a tighter and tighter range as time goes by and provides a visual display of a battle between bulls and bears.
Script = HCL Tech
Time Frame= 15 min
Triangle PatternA triangle chart pattern involves price moving into a tighter and tighter range as time goes by and provides a visual display of a battle between bulls and bears.
Script = HCL Tech
Time Frame= 15 min
Hcl Technologies - Ready for next hikeStock is on the resistance line. Have all chances to break the trend line with in 20-30 days. Can get an upmove up to 15%
HCL TECH --POSITIONALHCL TECH ---POSITIONAL-- DAILY CHART
1. HCL TECH seen trendline breakout on daily chart at todays daily candle
2. Stock seen double bottom formation at 880 sub level before breakout done today
3. trix line seen bullish crossover at current level .
4. one can BUY 935-945 for positional target 1000-1050-1100 ( 1 Month) Stop loss can be place bellow double bottom level 875
THIS IDEA IS FOR EDUCATIONAL PURPOSE
** trade at own risk .!
HAPPY TRADING. !!
