HCLTECH trade ideas
HCLTECH is set to show 1200NSE:HCLTECH can show 1200 levels the way it's been moving. It has given closing at it's life time high.
HCLTECH is now at 1163 from 972, 20% Gain in 1 Month Nifty StockHCLTECH is now at 1163 from 972.
It was shared on July 25,2021 to buy at 972 and now it is at 1163.
This is a NIFTY Stocks.
HCL TECH HOURLY CHART SETUP INTRADAYhello traders
check chart for info
manage ur risk and DYOR
thank you
HCL Technologies: Intraday AnalysisHCL Technologies formed a triangle pattern on 15 minute chart.
Any breakout/down can give a good move for intraday trading.
HCLTECH might take sometime to break 1160-1170 levelsNSE:HCLTECH has been closing around 1150-1160 for some days. It might feel some resistance here and need a good big candle with volumes to cross this level. Or it might happen that it retraces back to 1100 levels and then go back to these levels.
HCLTECH is firing up like anythingNSE:HCLTECH is firing up like anything. After some months of sluggishness looks like it's going to touch 1200 this time.
HCL technologies .....Rally expectedThe stock has shown a W pattern an has crossed the resistance zone. The RSi is also increasing . Now its expected to move upwards very fast. See chart for near targets.
HCL TECH: BREAKOUTThe Stock has been consolidating for lot of time with volumes also relatively less. However it has started to rise with increase in volumes as well.
It has formed a Inverse H&S pattern as well as Cup and Handle pattern.
One can set a target of 1150+as per Fibo Analysis, as there is no other major resistance except psychological resistance at 1100.
It can retrace to 1054 levels before continue its march towards 1100.
HCLTECH had been showing great rally for the last few daysAfter a long time of consolidation NSE:HCLTECH has been able to finally show it's real strength. It's been showing a good rally that can continue for some more time followed by some consolidation. 1150 is a good level for the people who bought it around 900.
HCLTech ConsolidationHCLTech has consolidated and converged in a small tf. Might give move either side.
HUGE 20% BREAKOUT IN HCL TECHHere in this chart the price has crossed the resistance and hopefully will go 15-20% up from here
HCL TECHNOLOGIES.... TO GO LONG OR SHORT?We can see the script getting rejected at the level of major resistance on multiple occasions.
The recent long green candle at this resistance level was considered a good breakout by most traders.
Points in favor of a pullback,
The breakout candle was followed by a bear candle of decent size. The follow-through from the breakout candle is not good, indicating huge selling pressure.
This is also confirmed by the higher volumes in the red candle than the breakout candle.
There is also a bullish divergence in the RSI pattern.
Points favor of a breakout,
The red candle is still above the line of major resistance.
The script after getting rejected from the resistance level a few days back didn't fall back to its support zone (around 900) but is trying to break the resistance again. Multiple hit at the resistance line is likely to weaken it eventually breaking the resistance soon.
So, now breakout or breakdown?
We should wait for one more day and the next candle will decide the course of action. A long green candle can suggest a long trade and a Doji or hammer or long red candle suggest selling and rejection in the script.
Happy trading!
HCL Technologies : Breakout from resistance with momentum #HCLTECHNOLIGIES looks like a breakout of previous resistance after a W pattern. Momentum and trend on all timeframes looks good.Dollar beneficiary move
HCL TECH POSITIONALHCL TECH LEVELS MENTIONED ON CHART
STOCK IS IN UPTREND. POSTIONALLY LOOKING GOOD
Disclaimer: The chart is for educational purpose. Please consult your financial advisor before investing.
