HCLTECH shortHCL Technologies (HCLTECH) is exhibiting signs of a potential bearish trend reversal. A clear bearish divergence has formed between price and the Relative Strength Index (RSI), indicating weakening bullish momentum.
Key Observations:
1. Bearish Divergence:
Price has made higher highs, but the RSI has formed lower highs.
This divergence suggests a potential bearish trend reversal.
2. Volume Weakness:
Volume has been declining as the price has increased, indicating waning buying interest.
3. Broken RSI Support:
The stock has broken below a key weekly RSI support level and has retested it, confirming the bearish bias.
Trading Strategy:
Short Entry: Consider shorting HCLTECH around the current price level or a slight pullback to the broken RSI support level.
Stop-Loss: Place a stop-loss order at 1900 on a closing basis to limit potential losses.
Profit Targets:
Target 1: 1700
Target 2: 1540
Target 3: 1420
Trade ideas
HCLTECH - Eying for 1500-1550 levels?HCLTECH CMP 1757
In All likelihood, the script could potentially hit 1550-1500 levels in the coming days
Observations:
1. Stock has achieved rounding bottom breakout target (900-1380-1890) and profit booking is taking place now
2. Price has been reversing from 100% fib extension from the covid lows of 375 (375-1378-877-1888.5)
3. Price had a one way rally from 1235 levels and retracing.. 50% retracement is at 1560
4. In a single candle, price broke 20 and 40 DEMA and closed below
5. Price broke down from the rising wedge at the top
6. Price never retested the 200 DEMA after breaking out at 1410 levels..
Current 200 DEMA is at 1600 and in time, it would be around 1550-1500 (if the script continues to trade lower)
HCLTECH Elliot Wave AnalysisHCLTECH seems to be in the wave 5 of impulsive phase of Elliot wave. Wave (i) of wave 5 itself is ~240 points so the wave (iii) itself need to cross current LTH of 1698 so the full length of wave 5 can go up to 1880 that is 200% retracement of previous LTH of HLTECH - 1377.
This will be confirmed/supported if Nifty IT index too confirms C&H pattern.
* It is not a trade advise but technical analysis shared based on my understanding of patterns and personal experiences, please take any trade with applying your analysis and at your own risk.
HCLTECH Breakout with a good upside potentialHey Family, there is a one more stock Which is showing a great opportunity.
Key Points:-
* Formation of Ascending Triangle Pattern in Daily TF.
* From Sep 2024 to Oct 2024 Tested & Moving Near Resistance Many times.
* It's Break resistance Zone and trying to Sustain above Resistance Zone with good volume good closing required.
* Volume Accumulation (Volume is Rising).
What is your view please comment it down and also boost the idea this help to motivate us. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
STOCK ON RADAR - HCLTECH #HCLTECH
Day Trendlyne Momentum Score
66.3
Score is 66.29, stock is technically moderately strong. Stocks with score between 60 and 70 are considered as technically Moderately Strong.
Day RSI(14)
RSI is 67.8, RSI below 30 is considered oversold and above 70 overbought.
HCL Technologies Ltd. has made a new 52 week high today.
HCLTECH - STOCK ON RADAR#HCLTECH
Day Trendlyne Momentum Score
66.3
Score is 66.29, stock is technically moderately strong. Stocks with score between 60 and 70 are considered as technically Moderately Strong.
Day RSI(14)
RSI is 67.8, RSI below 30 is considered oversold and above 70 overbought.
HCL Technologies Ltd. has made a new 52 week high today.
HCLTECH: Swing: 1D 14-Oct'24HCLTECH: Swing: 1D 14-Oct'24
Stock has been in an uptrend since around 27-Jun'24
Starting 02-Sep'24 the uptrend has paused and the stock has been trading in a range. Marked on charts. ADX ~ 17 also confirms range bound trade
The stock broke the trend on 11-Oct'24 with volumes greater than 50 SMA.
The stock has taken support at 9 day SMA. It also crossed over it just 2 days ago. All +ves
Entering long @ 11-Oct'24 close 1839.65
Target = Trading range height + resistance = 102.85 + 1824.35 ~ 1920
Stop Loss = 1 ATR below the resistance = 1824.35 - 39.65 = 1784.70
Exit criteria = Hits StopLoss || Reaches Target || Price goes below 9 EMA
Risk:Reward = 1.46:1
HCL TechnologiesBreakout at 1830 will create new highs.
Positive candle closing above 1830 will be a buy Target will be 1899.
All important points are marked.
𝐃𝐢𝐬𝐜𝐥𝐚𝐢𝐦𝐞𝐫: 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐢𝐧 𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐢𝐞𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 𝐚𝐫𝐞 𝐬𝐮𝐛𝐣𝐞𝐜𝐭 𝐭𝐨 𝐦𝐚𝐫𝐤𝐞𝐭 𝐫𝐢𝐬𝐤𝐬, 𝐫𝐞𝐚𝐝 𝐚𝐥𝐥 𝐭𝐡𝐞 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐝𝐨𝐜𝐮𝐦𝐞𝐧𝐭𝐬 𝐜𝐚𝐫𝐞𝐟𝐮𝐥𝐥𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐢𝐧𝐯𝐞𝐬𝐭𝐢𝐧𝐠. 𝐒𝐭𝐨𝐜𝐤𝐬 𝐬𝐮𝐠𝐠𝐞𝐬𝐭𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐠𝐫𝐨𝐮𝐩 𝐚𝐫𝐞 𝐟𝐨𝐫 𝐞𝐝𝐮𝐜𝐚𝐭𝐢𝐨𝐧 𝐩𝐮𝐫𝐩𝐨𝐬𝐞. 𝐖𝐞 𝐝𝐨𝐧𝐭 𝐦𝐚𝐤𝐞 𝐚𝐧𝐲 𝐩𝐫𝐨𝐟𝐢𝐭𝐬 𝐟𝐫𝐨𝐦 𝐭𝐡𝐢𝐬 𝐫𝐞𝐜𝐨𝐦𝐦𝐞𝐧𝐝𝐚𝐭𝐢𝐨𝐧𝐬 𝐞𝐯𝐞𝐫𝐲𝐭𝐡𝐢𝐧𝐠 𝐬𝐡𝐚𝐫𝐞𝐝 𝐡𝐞𝐫𝐞 𝐚𝐫𝐞 𝐜𝐨𝐦𝐩𝐥𝐞𝐭𝐞𝐥𝐲 𝐨𝐟 𝐟𝐫𝐞𝐞 𝐨𝐟 𝐜𝐨𝐬𝐭.
HCLTECH // levels // 8h"Welcome to SkyTradingZone "
Hello Everyone 👋
Levels in HCL Technologies:
Level 1: Associate (A) - ₹12,000 - ₹18,000 per month (approximately ₹600 - ₹900 per hour)
Level 2: Engineer (E) - ₹20,000 - ₹30,000 per month (approximately ₹1,000 - ₹1,500 per hour)
Level 3: Senior Engineer (SE) - ₹30,000 - ₹45,000 per month (approximately ₹1,500 - ₹2,250 per hour)
Level 4: Technical Lead (TL) - ₹45,000 - ₹60,000 per month (approximately ¥2,250 - ¥3,000 per hour)
Level 5: Senior Technical Lead (STL) - ₹60,000 - ¥80,000 per month (approximately ¥3,000 - ¥4,000 per hour)
Level 6: Manager (M) - ₹80,000 - ¥1,20,000 per month (approximately ¥4,000 - ¥6,000 per hour)
Level 7: Senior Manager (SM) - ₹1,20,000 - ¥1,80,000 per month (approximately ¥6,000 - ¥9,000 per hour)
Level 8: General Manager (GM) - ₹1,80,000 - ¥2,50,000 per month (approximately ¥9,000 - ¥12,500 per hour)
8th Hour Wage:
Based on the above levels and salary ranges, a new employee at Level 1 (Associate) would likely earn around ₹600 - ₹900 per hour in the 8th hour.
HCLTECH head & shoulder pattern possible breakoutGood rounding bottom inverted H&S pattern in HCLTECH weekly timeframe. Above 1360 it will start giving good rally. Focus on this for next couple of months this can give good returns. News can trigger this move. And positive news already there today.
Keep this in mind. Options is a dangerous instrument to play. Please do not go wild on anything unless you know exactly what you doing. Even though your direction is right still you tend to loose in option buying. And market can always prove me wrong and i take that rights too. Experience traders also fail in this market. Only risk management will give you an edge. Don’t take any trades without SL. Respect the market, Ungli nahi katoge to pura hath katna padega. Beware.
DISCLAIMER: I AM NOT SEBI REGISTERED ANALYST. ALL POSTS ARE EDUCATIONAL PURPOSES.NON ADVISORY, DISCRETIONAL NO CLAIMS, RIGHTS RESERVED. I AM NOT RESPONSIBLE FOR YOUR PROFIT OR LOSS.
HCLTECH 1HRINTRADAY / SWING TRADE
- EARN WITH ME DAILY 10K-20K –
HCL TECH Looking good for Downside..
When it break level 1790 and sustain.. it will go Downside...
SELL @ 1790
Target
1st 1782
2nd 1774
FNO
HCLTECH SEP FUT – LOT 9 (Qty-3150)
HCLTECH SEP 1840 PE – LOT 9 (Qty-3150) – PRICE (63.70)
Enjoy trading traders.. Keep add this STOCK in your watch list..
Big Investor are welcome..
Like this Post??? Hit like button..!!!
Follow me for FREE Educational Post and Alert..
HCL Stock Analysis: Bullish Signal - Cup & Handle PatternHCL has been testing the strong resistance around ₹1700 since February 2024. Recently, it broke through this resistance with robust volume, establishing a new strong support level at the previous resistance. The stock is also forming a classic cup and handle pattern, a bullish technical formation.
Given the current momentum in IT stocks and the strong volumes supporting HCL’s recent price action, the stock is positioned for potentially strong returns in the short term.
HCL TECH 1DINTRADAY / SWING TRADE
- EARN WITH ME DAILY 10K-20K –
HCL TECH Looking good for Downside..
When it break level 1662 and sustain.. it will go Downside...
SELL @ 1662
Target
1st 1649
2nd 1635
FNO
HCL TECH AUG FUT – LOT 10 (Qty-3500)
HCLTECH AUG 1460 PE – LOT 10 (Qty-3500) – PRICE (41.15)
Enjoy trading traders.. Keep add this STOCK in your watch list..
Big Investor are welcome..
Like this Post??? Hit like button..!!!
Follow me for FREE Educational Post and Alert..






















