IMPORTANCE OF SUPPLY & DEMAND | HCLNSE:HCLTECH
🔴 Stock market and the price action is all about how the market had reacted to the past behavior and the emotions of the buyers and sellers...
🔴 so, once you have the clear view about the previous trading sessions,
🔴 with that past behavior of buyers and sellers it may help us to predict what is gonna happen in the future with the price...
🔴 When you know the importance of supply and demand you can trade with the clear view of the market moves....
🔴 when the strong supply zone breached or engulfed it is supposed to act as a demand zone in the future.....
🔴 In the same way when demand zone engulfed it may act as a supply zone, it is known as flipping zones or SR flip...
🔴 DISCLAIMER : This is just for educational purpose. Do your own analysis.🔴
HCLTECH trade ideas
hcl tech range bound good to buy at 900-925hcl tech is moving in side ways good to accumulate and we can expect recatangular break out in the long run
900 and below is best price for hcl tech its like fair price
disclaimer- this is not any investment call or idea , this just my view and it can go wrong ,this is only for educational purposes trade at your own risk
hcl tech 1050++ to 1200can expect by results this month
many it stocks rallied but hcl tech has still lot more to go
check previous hcl tech idea if possible ,accumulation zone is 900-925 so incase breaks down also that would be good dip
but chances of reaching 925 from here is very very low
disclaimer- this is not any investment call or idea , this just my view and it can go wrong ,this is only for educational purposes trade at your own risk
HCL Tech breaking descending triangle pattern HCL tech making descending triangle pattern in 15M chart. Breaking this pattern can give a good breakout either side, probability of breakout is upside and i can easily break its previous high of 1072.
Reasons of breakout :
1. It had broke its 1045 level on 5 august which was a resistance and being tested on 15 jan, 8 apri & 25 july.
2. Making a descending triangle pattern in 15M chart.
3. 1045 resistance converted into great support after reversal.
4. 200 days EMA being a good support near 1045 support level.
Fresh breakout on daily charts HCLTECH - Swing ideaWe can see a fresh breakout on the weekly and the daily chart after a good consolidation of 7 months from January.
This can be a long trade with a 1:4 RR. Stop loss of 30 points which is below the weekly candle low and target can be around 130 points.
Kindly note that this is only for learning purposes and not a recommendation. Please consult your financial advisor
rectangle pattern trade setup !!!hcltech : 1005
trade set up :
1. buy up to 984
2. keeping 959 as stop loss on closing basis
3. target expected : 1045 ( breakout again above this price ) / 1202+
technical set up :
1. rectangle
2. breakout retest
3. volume
4. multiple time frame analysis
5. support and resistance