* 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
HCL Technologies Ltd | A IT Sector Momentum Stock
HCL Tech is a leading global IT services company, which is ranked amongst the top five Indian IT services companies in terms of revenues
Financial :Strong
Market Cap n= 3,96,928 Cr. ROCE = 28.3 % ROE = 23.0 %
Debt to equity = 0.08 Promoter holding = 60.8 % Quick ratio = 2.56
Current ratio =...
missed Asian Paints here is another one. The stock halted at 50% at 1298. This correction was an indication of strength. It broke out above 1329. The consolidation above the breakout zone is offering an opportunity to buy. Look at the volume on the green candle. Its very positive. Hence its a buy at CMP of 1338 we are looking at 1370
--Breakout and retest completed
-- flag and pole pattern
--T-1500
Disclaimer:
- The view expressed here is my personal view
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
-- Do your own...
A good short term opportunity has presented itself in HCL Technologies. Stock has shown a good bounce off the 50 DMA with strong volumes. The move is coming on the back of satisfactory results. Nifty IT index is also in a good trending structure. A powerful Bullish Engulfing has formed right at the moving average which gives more confidence to go long.
SL: This...
NSE:HCLTECH has given a strong breakout on weekly charts. This is another IT company that is looking strong. One can invest here with a stop loss at 1250. Go long.
The stock recently experienced a breakout on the weekly chart, marking a significant event after a two-year period. The breakout was characterized by a strong bullish candle, indicating substantial buying interest and momentum.
HCL TECH has formed cup and handle pattern and it is ready for breakout. Look for volume at the time of breakout that will give confirmation. RRR is very much favourable and looking at market the sentiment is bullish and IT has been underperforming since long hence great chance of IT participation in NIFTY bullish trend.
Entry: 1160 daily closing
Target -:...
This is the long term analysis for HCL Tech.
The stock recently tried to give a breakout from its range.
Here are the details of the analysis-
The stock is expected to be in the range, until the price comes to the trendline support.
The price will take a support from the trendline and grow with it.
The targets are- 1400, 1438 and 1500 from Short term to Long...
HCL Technologies is also Near the Strong Resistance in Weekly it's Made a( Hanging Man Candle) Near the Resistance Trendline two things Happen Reverse or Take Support at Previous Resistance as Support Level
#HCLTECH
CMP : ₹. 1364
Date : 09-12-2023
A leading global IT giant having more than 60% promoter holdings with zero promoter pledge and low debt. ROE,ROCE,ROA all fundamental parameters are improving for last two years. After the news that HCL Technologies Ltd intends to establish a chip packing unit in Karnataka with an estimated investment of $400 million ,share...
# HCL TECH #
BUY ABOVE - 1180
SHORT TERM TG - 1360 - 1370
SHORT TERM CBSL - 1095
LONG TERM TG - 1800
LONG TERM CBSL - 1000
This is not an investment advice and also please note this is only for education purpose.
So before investing any single rupee, please do your own research according to your risk taking capacity and after that do invest and book profits...
HCL tech giving Breakout from important levels ....Consolidation was happening for almost 2 years ....Expecting rally of 6-8% in a weeks time . Dont miss the rally
