hcltech fut intradayhcltech is on the verge of breaking last 2 sessions descending channel with decrease in OI, that suggests short covering.
Could be bought with mentioned stoploss & target for intraday.
Note:- those who dont trade in fut can adjust rates with future price & option traders can buy 1130 ce with f
HCLtech Cup and Handle on 1 hour chart, showing Bullish trendon 1 hour chart, HCLTech clearly has a cup and handle pattern, showing bullishness. from 8th July to 2nd August, it gyrated from 972 to 872, and back again. a clear upmove of 100 rupees in a short span of 20 days. I predict this uptrend will take HCL tech to at least 1070 till 31st August.
Standard
axis bank and hcl techaxis bank is consolidating if it brakes again 738 and sustain above 740 then 10% upside is possible around resistance is 799-804
also hcl tech is preparing to a breakout if it sustain 977 the very good upside is possible in a day with short term tgt of 1100
disclaimer i have taken options position
HCLTECH H&S BOTTOM BREAKOUTHCLTECH made a strong breakout from its about 2 month long Head & Shoulders Bottom pattern, on strong volume. On the momentum side RSI entered bull zone above 60 and +DMI turned dominant as it moved above 25 and making a new high above the prior peak of its other cousin, the -DMI. Looks bullish days
HCL TECH MAY BUY CALL FOR FUTURE TRADERI am NOT a SEBI registered advisor or a financial adviser. Any of my investment or trades I share on my blog are provided for educational purposes only and do not constitute specific financial, trading or investment advice. ... You should discuss your specific requirements and situation with a quali
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Summarizing what the indicators are suggesting.
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A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current price of HCL TECHNOLOGIES FUTURES is 1,538.40 INR — it has fallen −1.19% in the past 24 hours. Watch HCL TECHNOLOGIES FUTURES price in more detail on the chart.
The volume of HCL TECHNOLOGIES FUTURES is 3.53 M. Track more important stats on the HCL TECHNOLOGIES FUTURES chart.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For HCL TECHNOLOGIES FUTURES this number is 18.95 M. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for HCL TECHNOLOGIES FUTURES shows that traders are closing their positions, which means a weakening trend.
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for HCL TECHNOLOGIES FUTURES. Today its technical rating is sell, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of HCL TECHNOLOGIES FUTURES technicals for a more comprehensive analysis.