HCL TECH LTD.HCL TECH LTD.
DATE - AUG 07, 2021.
1.Stock facing the strong resistence of 1060.
2.Very high delivered volume 81%.
3.Stock is near the breakout, lets see what happen in next few session.
Trade ideas
hcl shortstock is at very good position and has multiple support .stock can show good moves both sides
Hcl Hcl is at multiple support and can show big move in both sides and it's also making double top pattern on inclined line
HCLTECH - ASCENDING TRIANGLE & RESISTANCE BREAK-OUTBoth channel depth & FIBO level are coinciding at target point
Refer chart for levels
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
HCLTECH Time for Long PositionBreakout stocks, after breakout top resistance, double confirmation for upside move..
HCLTECHAll charts/views posted here are for educational purpose only. We are not responsible for any of your profit/loss.
HCLTECH - Near ATHHCLTECH should close above 1070 for an upside movement in short term. Swing traders should watch this level. SL 1020
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
HCL TECH LOOKS GOOD BUY RANGE 1057-1065 TARGET 1112 SL1020 hcl break the neckline good level for buying
HCL Tech: Big Breakout on Cards...WatchoutHCL Tech is giving signs of breakout from a cup and handle pattern
Hcl Technologies: Symmetrical Triangle breakoutHCL Technologies broke out of a Symmetrical Triangle formation on the 15-minute chart.
Has already retested the Symmetrical Triangle and simultaneously taking support from a Parallel Channel trendline.
Hcl short/longHcl having low volume from past days and its near the resistance and taking support from 50ma in 2 time frames I.e 15 min and 30 min, it's can show big move in upcoming days
HCL Technologies: Ascending Triangle formationKey Highlights:
-Moving in ascending triangle
-Testing the previous swing high(Most probably it will fail to breakout)
-Bullish Market structure
-Buy only above 1055 if there is volume expansion
Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
HCL Tech - Sleeping Gaint Awakening ???Most under performed IT Index Stock
Now its time for HCL to move
Above 1070 one can go long for
Target of 1200
SL : According to your Risk Appetite
Can hold for long term also
HCL Tech - BuyHCL Tech - Buy Signal
MA 50, MACD, RSI & Trend lines
Buy price - CMP 1007 or wait for slight correction 990 Levels
Target 1049 short term holding
