HCLTECH trade ideas
Breakout in HCL TECH*Flat Base formation & previous resistance breakout in HCLTECH.
*ALL target & support level mentioned in the chart.
Educational purpose only: HCLTECHEducational purpose only: Is sustaining above 927 now can move up to 940
HCL TECH breakout trade towards 950/970/1000+NSE:HCLTECH Levels already mentioned..
Note:
1. Views are personal. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline not the big target...
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Rally for HCL Tech?HCL Tech has just given a breakout after forming a rounding bottom. Call options can be bought.
HCL TECHNOLOGIES - LONG
New Breakout Trade Idea
Action - BUY - Positional
Script - HCL TECHNOLOGIES
LTP ~ INR 890/-
Flat Base Breakout at INR 910.70/-
Profit Target Goal ~ INR 1050/-
Stop Loss ~ INR 850/- Closing Below
ROI ~ 18% Long Term
RRR ~ 4.00:1.00
MACD ~ 14.1 Above Signal
RSI ~ 64.1 Mid-Range
PE Trailing 12M ~19.84 Industry P/E ~ 29.03
ROE ~ 21.53% ROCE ~ 29.85%
P/B~ 4.22
Moving Averages: - Trading above 50 Day SMA since 22 days (since Nov 27, 2020)
Trading above 30 Day SMA since 22 days (since Nov 27, 2020)
Note ~ High Financial Strength, Expensive Valuation With Technically Moderately Bullish
Indication of Short after some time, Education purposeChances of a trend reversal, Get the confirmation from the next couple of waves.
