Trade ideas
Swing or Positional Opportunity in Hcl TechnologiesGo Long above 912.1 for Targets of 927.7, 943.25, 958.85, 974.5, 990.15, 1005.65, and 1021.25 with SL 896.5
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.618 Fibonacci level.
2. A bullish candlestick pattern, Bullish Hammer (marked with an orange circle) is formed at 0.618 Fibonacci level.
3. Also there is a Demand Zone (marked with a green rectangle ) around 0.618 Fibonacci level from which the stock is taking support and moving up.
4. Also the stock is forming a bullish chart pattern ( Double Bottom / W Pattern) around 0.618 Fibonacci level.
HCL TECH DOUBLE TOP WITH DOOR STEP AT THE NECKLINEAS WE OBSERVE DOUBLE TOP ON HCL TECH IF TRADED BELOW THE NECKLINE AND BELOW 895 WE CAN SELL FOR 1ST TARGET-850,2ND TARGET-800 WITH 1ST STOP LOSS AT NECKLINE 910 AND 2ND STOP LOSS OF 925
reversalnice reversal around 900. now the resistance is 922 after that it may go around 970/1000 with the support of 900.
HCLTECH890 is the major support of the stock ..watch this level whereas 915 is working as resistance
HCL Buy 980CE May expiryHCL consolidated in Range of 892 to 923 for 10 Days i.e., for 2 weeks, on 14-05-2021, day candle closed bullish Pattern.
If it breaks it touches 980/- next Resistance, 892/- is acting as strong support.
HCL lot size 700 , 980CE trading at 5/- amount to be invested 3,500/-
if analysis goes wrong can have strict stop loss of 2.50/-
Right now Hcl is in Range of 892/- to 1063/- for last 139 Days.
as per max pain theory expiry strike is 910.
HCLTECH- NEUTRALHCL TECH Movement depends on the Monday market ( Nifty) movement.
Disclaimer - Only for educational purpose.
Keep an eye on HCL TECH.NSE:HCLTECH is trading near an important level which worked as its strong support in the past. Even on a bearish trading session of 14th May it recovered and closed above that level. On upcoming session, If it breaks this support, we can see a big fall or This level can be the U turn and we can see new higher levels.
Please please let me know your thoughts in the comments as I am new to to technical analysis and still learing.
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 #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.
Be Independent Trader.
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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 !!!
