1. weekly chart showing three outside down candles so it may go downside in upcoming days
2. if the falls continue it may fall up to 1423
I shared this idea for learning purpose only. Tread with your own risk
I'm not Sebi registered adviser.
On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
There is a one more stock Which is showing a great opportunity, stock is near Support it's do or die. what is your view please comment it down. We are NISM Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
Pasted a image from my private idea because daily...
This post is for educational purpose only, please take any trade at your own risk.
C&H pattern targets already achieved, now flag pattern on monthly need to be achieved, for now 1680 seems near term target, 1880 medium term target and 2080 long term target (6 months to 1 Yr most likely)
Fib- this counter is in a strong bull trend. Right now it is stuck at first resistance at 1628. Its a fresh buy above 1628 with T1 1690 and T2 1800. Both are fib confluence zones and the stock will face resistance at these zones.
MA- on the 7min chart all the three MA's are together and hence an indication that the counter is ready for a sharp move.
On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
HCLTech can give a breakout above the 1377 level. The stock needs to close above the 1377 level. The chart looks good on weekly and monthly time frames. It has a possible upside of 1483 and 1650. One can place a stop loss of 1357 on a weekly closing basis. The level of 1377 can act as a support zone. Also, a round bottom pattern can be seen on a weekly time...
IT Index all the way, all stocks are showing strength, some have broken out of huge bases in weekly timeframe, some are about to.
HCLTECH a big player, showing these kinds of volumes and price movement is just wow...
Looks like something big is brewing in IT ahead..
HCLTECH has taken support at 50% level at 876.50. Gann 50% rule at work. Gann said you need to follow only one rule of 50% to make money in the markets.
We are at 12.5% extension of the swing which is 1503.05.
We need to stay above this level for furthet growth.
Happy Trading !!!
* ABCD pattern active
* mid term to lone term target goal 1878
* best entry after a healthy pullback
* entry from current level has big stoploss on monthly timeframe
![HCLTECH: HCLTECH BO [Weekly]](https://s3.tradingview.com/4/4vgC1FMi_mid.png "HCLTECH BO [Weekly]")
