HCLTECH POSSIBLE BREAKOUTIT is on Moon, and so is #HCLTECH. Buy above 1053 with SL below 1015. Possible targets: 1080/1125/1180/1240 in next 3 Months.
HCLTECH trade ideas
HCLTECH TRIPLE TOP PATTERNHcltech taking four times support and moved higer with huge volume and now the stock is at resistance level third time let see what will happen will it break or face the resistance
HCL TECH.--> Standing at important resistance The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice
HCLTECH is firing up like anythingNSE:HCLTECH has been showing great move today. It can show 1050 levels by tomorrow. If it crosses 1050 decisively then 1100 can be seen. I know I am getting very hopeful :)
HCLTECH | Bottomed and getting ready for another rallyHCLTECH | Bottomed and getting ready for another rally
CMP : 918
SL : 875
Target : 1050
1:4 risk reward setup
HCLTECHHCLTECH: Looking Good
Symmetrical Triangle Pattern Breakout Sustaining/Closing Above 1000
Target 1030-1080-1140-1200+++
Positional Call
HCLTECH HCLTECH (4HR):- CMP 987.9, KEEP EYE ON BREAKOUT OR BREAKDOWN
1) Symmetrical Triangle Pattern
2) Wait for Volume :)
Late night Technical analysis talk - TCS, HCL, INFY👑 Terms used if you don't know :
✣ Contraction pattern: A pattern starting with a broadening high candlestick and low candlestick and converging to a fixed point, these highs and lows created in between them are bulls vs bears fight going on inside the pattern and if it comes to the lower part of it, surely bulls will take it to the topmost point and vice-versa until one of them wins
✣ Structure and trend: Two types of trends that exist in the market today are uptrends and downtrends. Each type of trend tells a different story and has its own impact on a trader's success in the market. While uptrends show a series of higher highs and higher lows, downtrends show lower highs and lower lows
✣Breakout: Breakouts are commonly associated with ranges or other chart patterns, including triangles( HERE WE WILL SEE THIS ONE ), flags, wedges , and head-and-shoulders. These patterns are formed when the price moves in a specific way which results in well-defined support and/or resistance levels. Traders then watch these levels for breakouts
✣ RSI DIVERGENCE: A bullish divergence occurs when the RSI creates an oversold reading followed by a higher low that matches correspondingly lower lows in the price. This indicates rising bullish momentum, and a break above oversold territory could be used to trigger a new long position.
✣ Supply/ Demand: In the supply zone , the prices are higher than the bid price, and in the demand zone , they are lower. The bid price is what a trader is willing to pay for a stock
👑 Important levels - explained well
👑 Comment your thoughts and queries regarding anything on this analysis of mine, feel free buddy :)
⌛ Motivational and psychological area ⌛
✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only.
✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow
✣Don't lose hope and keep grinding
✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily.
✣Focus on the process, you are here to make money not stupid decisions and lose it all
✣No one will help you climb the mountain, few will tell the path, so follow good people, make good mentors and make good decisions and choices in the stock market.
✣Believe in yourself :)
🎓🎓 Some info about me :)
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼I don't take all the trades I post
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
HCLTECH - Price and Trend SetupHCL Tech is getting solid support on weekly and monthly levels. Need to see for how long stock will test support zone.
HCLTECH 1D - What Else You Need for good setup1) Price approaching multipoint support
2) Price approaching 200DMA
3) High volume on 26Apr2021 with no major follow up
4) High volume low and 200DMA price level is almost same. So possibility of high volume area test along with 200DMA support test
5) Quarterly results on 19July2021
Keep this on your radar. Can be a possible candidate for short term positional (first resistance 1060) if you see good wide range bullish candle after any of the above point is tested.
Alternatively, one can take short term position if we see consolidation breakout with good volume.
HCLTECH#HCLTECH
Fundamentally Good Stock.
if sustains above marked levels and if it gives breakout from ATH. Good to go for more upside.
HCL trade setupHCL trade setup based on daily demand zone.
Entry - 945.8-946
SL- 934.75-933
Target-967-970
HCLTECH has been taking perfect support at 670NSE:HCLTECH had been taking perfect support at 670 for the last 3 days.
HCLTECH TRIPLE BOTTOM :Hi everyone let talk about the chart
in the chart we can see "triple top bottom " and don't depend on it .It can Break the 'Support and Resistance" don't buy or sell quickly be in the patience .
: And don't forget to like, follow and share with your friends
:Have a good trade
HCLTECH is still stuck in 980-999 rangeNSE:HCLTECH has been stuck in this range for almost one month. If it breaks 997 with good volumes then only it can rally towards 1020-1050.
