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
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...
![HCLTECH: HCLTECH BO [Weekly]](https://s3.tradingview.com/4/4vgC1FMi_mid.png "HCLTECH BO [Weekly]")
