NSE:HCLTECH - short term trade Green Line is a good resistance on the daily TF too. Blue Lines are the upward channel that's forming. Watch out for these and trade when a clear trend emerges. Will update the idea if I find one. Comments and opinions are welcomed.
HCL is having strong resistance at 860. However it is trending inside the channel. Follow the channel for trade entry, exit and stoploss.
Beautiful Harmonic 3 Drive Pattern Reversal offers good opportunity to short the stock at current level. Mostly the pattern works and rewards with reasonable profit. Good Luck
as we can see the morning star signal at the support area of 785 and bullish engulfing pattern there personally i would like to go long on that stock and let it cross 8 ema
HCLTECH has in triangle format for high risk trader can sell at 835 with sl if 860 on closing basis target 755
as we can see the bearish engulfing pattern there and negative divergence there near the resistance area but wait for the price for going below 8 ema
HCL TECH has formed triangle pattern it has mad to swing 860 and 835. if this stock give close above 835 we can buy for the target of next swing 860. if this swing 860 is break on closing basis then good for buyer enjoy this trade
HCL Tech Reverse on Support Level of 770 ...Hammer pattern. Buy 789 above Level Target of 800 - 810 & Max 843 Level..Keep Stop Loss @ 778
It is been observed on hourly chart, that the price action breaks below descending triangle pattern, indicating a bearish move to support levels ahead. Target: 740 Stoploss: 770
Hcltech above 776 can give long breakpout and above 776 can move to the level 784 if do not break 771 on downside
HCL Technologies has been trading in bearish channel from several week after a false break it continued in downward direction, we may see further down ward in this stock as it is approaching to its channel support which is targeted at 720.00 in near term. Risky traders may enter short at CMP,conservative traders may wait for some upside movement if market go green...
HCLTECH is giving a potential Buy Setup!! The Zig Zag Correction seems to be over with today's low made around 730 levels. I would expect the stock to go higher from here and breakout of the corrective channel that it has been in from long time. My stoploss is around 725 levels and First Targets around 950 level and above. Happy Trading!!
The stock is offering a good buying opportunity at the current level. It is trading at a demand zone from where buyers find it cheap and enters. Very small risk at the low of the current bar. It could give a decent return in coming days,
Wave A and Wave B is 5 wave formation....so its can asssume if Wave C also draw a 5 Wave formation....
HCLTECH sell at current market price target 10-20 points sl 846 cmp 837
HCLTECH closed above the crucical monthly resistance of 801. looks good for longs. Entry is averaged around 805.. assuming one part here and next around 801 CMP 809.. add more near 801 SL 792 Tgt 830/850 Trade type: Support resistance Trade Aggressive Entry 805 Conservative Entry 805 Aggressive StopLoss 792 Conservative Stoploss 792 Aggressive RoR...
It seems to take support. Recommended buy with a sl below rectange with targets of 845