HCL - Previous Trend line Resistance acted as support1. Previous Trend line Resistance acted as support
2. Now on Short Covering zone
3. Breakout Entry - Daily Open & close above 1196 (or) Weekly Open & Close above 1185
4. Retest Entry Zone (1120 - 1132)
5. Stop lose - Below 1090 - Weekly close (or) Daily open & close
Trade ideas
📊 HCL Technologies Target 🎯NSE:HCLTECH
As One can see bearish Harmonic pattern on HCL Technologies stock chart we are using this pattern for target first and then if we find resistance or reversal sign at PRZ then after such conformation we could go short as well.
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone).
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
HCL -Time to GO Long.NSE:HCLTECH
HCL is time to Go long for the Following :
1) Gap Up on Friday.
2) Net Volume Up.
3) Supertrend Positive
4) RSI indicating Long Position.
Keep trailing Stoploss at the moving Blue Line of Super Trend or you can get out of position when RSI Comes down and Cuts below Yellow Mean Line.
If INR 1367 is beaten, it can move further up. Be careful around that level.
For Educational Purposes only. The author is not responsible for Financial Losses.
HCL Technologies- Daily Time FrameHCL Technologies saw a short term correction as the whole IT sector witnessed it. As we can see it took support on trendline two times and respecting it, risk-averse can take entry after the marked levels while risk-takers can take entry at CMP for the following targets.
HCL looks very bullish - buying opportunityHCL has very positive momentum
RSI above ~50
Forming a cup pattern, entry can be made between 1200-1222 level
Breakout already done, Re-test can be expected on support level 1200 which was pervious resistance.
Targets are mentioned in the chart and chart is self explanatory.
Great chart setup.
Disclaimer: This is for educational purpose, pls invest as per your analysis and risk-reward.
HCL SHARE TO XCLCLOSING above 1220 and IT sector breaking the previous pivot high and markets breaking 17000 is strict to buy...else it will only give a intraday rally and cool off if the market is not supportive.
ANCHORED vwap lines are those green colour lines and shows support and resistance
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HAPPY TRADING :)






















