HCLTECH is ready for a blast soonHCLTECH is ready for a blast soon. For intraday, If it crosses 1112-1115 and sustain above it will give u a ample amount of profit if u take options.
I am tracking it since last month as I am a momentum trader. I used to track stocks for creating an momentum playing opportunity.
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HCLTECH trade ideas
CONQUERED AGAIN 20 EMAHCL tech is looking good by breaking a falling trendline and managed to give a close above on 20 moving average with good buying volumes so we can see a good upward move from here in this counter.
Cause of long-:
1- falling trendline breakout
2- 20 Ema breakout
3- Volume breakout
HCL TECHNOLOGIESHCL:- HCL tech breakout. with good momentum. keep on eye
good for short term.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
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Ajay.
keep learning and keep earning.
HCL TECHNOLOGIES HCL TECHNOLOGIES has beautifully taken a support at 0.5 Retracement level and its 200 Weekly Exponential Moving Average.
If we try to see the importance of 200 Weekly Exponential Moving Average for HCL TECH, then you can observe it has been rarely been broken by HCL TECH(Year 2008 & 2020 shown in the chart). Rest of the time when market is not in a panic mode HCL TECH respects the 200 EMA quite precisely(Year 20212 & 2016 shown in the chart).
Currently HCL TECH is taking support at its 200 EMA, 50% Retracement level of its Covid rally and a RSI Divergence has been formed at this official level. For short term a target of 1070 seems good from the Current level.
CHART & ANALYSIS
ADARSH DEY
HCL Technologies Ltd - Trendline Support + Just a View📊 Script: HCLTECH (HCL TECHNOLOGIES LIMITED)
📊 Nifty50 Stock: YES
📊 Sectoral Index: NIFTY IT / NIFTY 500
📊 Sector: Information Technology
📊 Industry: Computers - Software & Consulting
Key highlights: 💡⚡
📈 Script is trading near at its support level which is around 897.
📈 RSI is nearby to its Oversold zone.
📈 script may bounce back from its support level keep an eye on it.
📈 Fundamentals are also strong, one can buy on dips for long term.
📈 if it start moving upward first target will be 990 , Always maintain your Risk & Reward Ratio.
⏱️ C.M.P 📑💰- 895
🟢 Target 🎯🏆 - 990
⚠️ Important: Always maintain your Risk & Reward Ratio.
⚠️ Purely technical based pick.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Happy learning with trading. Cheers!🥂
Happy Navaratri 🕉️ 💃🏻🕺🏻
HCL Tech - Trendline & Triangle breakoutBullish on HCL Tech.
Technical:
Trendline breakout, formed doble bottom, triangle breakout and above 50 MA.
When its breakout 1060 it can fly up to 1400.
Stop loss 880
Fundamental:
PE: 19, Dividend yield 3.9%, Debt to Equity = 0.11.
Company's median sales growth is 17.0% of last 10 years
Looks very attractive fundamental point of view. Its value buying.
Disclaimer: Educational Purpose
W Pattern Spotted For HCLTECHAfter forming a double bottom pattern and testing the strong resistance region and now the market has successfully broken it . The market now moves for the 4th long leg of the W Pattern . The provides an opportunity open long trades for a medium term of time.
{DYOR}
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