Selling Pressure seems Momentum may continue for short while
NSE:HCLTECH wait for perfect reversal, then only go for long.
HCL Tech Reasons/Traits : • Bullish Gartley harmonic pattern is forming (gets confirmed if price goes and stays below 1254) • Price below 13 EMA ready to touch 50 EMA • Price is below 0.236 retracements levels • RSI falling What can happen next : Scenario 1 : Price sustaining above 1265 levels can take it to 1285/1335/1365/1400 levels Scenario 2 : Price break...
Technical indicators are bearish at the moment but after it takes the turn upside, financials are supportive and if it supports the trendline pattern a big swing in upside is awaited - 3 months hold can give 20-30%.
Risk reward is good in Hcltech sooo it is better to go long for a target of 1300 with 1:2.5 Ratio Trade setup
NSE:HCLTECH shows fresh buying positions getting placed. RSI is also showing signs of reversal. Took perfect support and reversing back.
Descending Triangle Pattern Parallel Channel (Down trend) sell pe 1170 sell ce 1280 total 26 points for oct expiry mcpriceaction
REFER CHART - can reach 1245 -1265-1285 reversed from prz zone Negation below 1160 closing. Educational purpose only. This is not a recommendation.
HCL Tech CMP: 945 Bullish Key Points:- 1. CUP & handle pattern Bullish breakout. 2. Double Bottom Pattern 3. RSI after breakout Inching higher (Shows Strength) 4. Whole IT Sector is in breakout mode. Target :- 980 -1022 Support :- 910-890
HCLTECH is looking bullish. Disclaimer - Only for educational purpose
BUY : 1192 TO 1132 TARGET : 1620 TO 1678 Reason For Buying This Script : In this script it forming Elliott wave in monthly time. Try to accumulate in lower levels. Note : Above given levels are based on monthly & weekly time frame . So be patience it will take some days to achieve the target. ALL THE BEST ..
The stock is consolidating since few days and with positive results posted last week it is expected to move up further. The chart shows the expected short term targets.
DISCLAIMER : This for education and knowledge purpose Before taking any decision once consult with your financial advisor or do your own research. I am not be responsible for any financial gain as well as for losses. I am not SEBI registered.
looking good for swing weekly DZ suppport in daily and hourly time frame
Can trade on HIDDEN BULLISH DIVERGENCE for the 1st swing target of 1305 !!!!
Trendline Breakout of wedge pattern NIFTY IT in Uptrend
The share price of HCL Tech is delicately placed resting at the Kijun Sen Line on the day chart.. being at indecisive juncture I am analyzing the hourly price trend that may emerge in the next couple of days as a result of the price action so far....comments given on chart itself, for educational purpose
Go long in the range b/w 1300-1308; STOP below 1250; Tg . 1360, 1415 & 1468.