HCL TECH at crucial supportHCL tech trading around crucial support
One can go long at this position with the target of 960-980
Stop 890
Risk reward is 2.6
HCLTECH trade ideas
🎯 #Hcltech #niftyit #nifty #nifty50 #banknifty #niftybank NSE:HCLTECH
As one can see stock at harmonic PRZ one can long from this level with the stop loss as mentioned on chart. please do your own analysis as well before trading or investing.
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******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
HCLTECH HourlyForming Head and Shoulder pattern on hourly chart.
Prices are also below 100 Day EMA .
RSI is also below 50
If prices break this support level, then I think it will go Down.
but with heavy volume and if prices take support, and MACD line crosses the signal line, then prices can go up to.
Just a personal perspective.
Long on HCL technologiesNSE:HCLTECH
Long on HCL TECH It has taken support at area of value.
Note: Do your research before investing and above is only for educational purposes.
[Positional] HCL Tech Support BetNote -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. Please refer to the link to my footer and explore further if You want.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
I also do my trades live, Please refer to the link to my footer if you want to tail me.
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BUY HCL TECHBuy HCL TECH nearby 900 or above because Hcl tech one hours candlestick pattern create rounding bottom it represents reversal. So buy for target 950 soon !!!
11/05/2021 Research Report For HCLTECHBuy @ Below 910
SELL Target 1 :- 921.5
(AFTER 921.5 YOU CAN MAINTAIN TRALING SL and MAXIMIZE YOPUR PROFITS)
HCL TECH, Channel PatternMy opinion: Stock is trading upwards after the recent strong rejection in the bottom part of the channel and 200 EMA is coming for support. Check RSI for momentum while entering. IT companies are safer bets, due to work from home. Thank you. Comment if u agree!
NSE:HCLTECH
HCL Tech will try to break its resistanceHCL Tech is likely to break its Resistance and show a strong upside move. With a major support of 895, downside movement is less probable. RSI and Stochastics also indicate the upside momentum. A strong buy after the breakout is expected. Place stop loss at 890.
HCL Tech finally taken support.For Education purpose only
HCL technologies
Buy above 923
Target- 1000, 1080
SL- 890
Below 890
Target- 800
SL- 915
Dtd 8th May 2021
