HCLTECH trade ideas
HCL DAILY TIME FRAME VIEWELLIOTT WAVE ANALYSIS: All observations are clearly indicated in the chart.
Elliott wave is an road map to identify the direction of market.
Wave "1" :Motive wave completed
Wave "2" :Simple zigzag completed
Wave "3" :Extended Motive Wave Golden wave also completed.
Wave "4" :Alternation rule so chances are there for formation of Triangle pattern (time consuming pattern).
Wave "5" : Not yet started
HCL Tech - Sings for Buy & AccumulateHCL Technologies
The chart pattern shows the signal of retracement. Can think of buying and accumulating at this levels. Potential upside for about 10%-20%
The target levels are 954, 992, 1054
It can be accumulated, If it comes down from the current price.
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**Disclaimer: I am not a SEBI registered consultant/Advisor. It is completely my view and opinion. My intention is not to provide any financial advice, training advice, or any type of advices or any recommendations on stock buying or selling. Please do your own research and consult with your financial advisor before taking any action. I am not responsible for any of your action on buying or selling or holding the above mentioned stock or/and index.