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HCLTECH

HCL: To break or not to break? ️‍🩹Here are some pointers for HCL: - HCL recently broke its range and the final resistance trendline. - The breakout was quite close to a resistance zone. A bearish engulfing prompted selling, but retest and continuation potential remains. - A retest candle with a long lower wick signifies bullish sentiment. Notice the price sustained over the trendline. - Your support means a lot to us. Do consider boosting this Idea. - A Sustained close above the resistance zone can pave the way for HCL's upward movement. - Also, the Indian IT sector is approaching its critical resistance for the third time. (link in the comment section) Caution: When the bull runs, everything seems Green. Being cautious always pays well. Remember, you will be buying the top. Don't let the analysis end here! Boost, comment, and follow for more such insightful posts. ⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
NSE:HCLTECHLong
by TheChartereds
Elliott Wave Analysis of HCLTECH: Wave 5 in FocusElliott Wave Analysis of HCLTECH In this analysis, we will examine the Elliott Wave count of HCL Technologies Limited (HCLTECH) and provide insights into the current wave structure on various time frames. This is purely for educational purposes and should not be taken as investment advice. Monthly Time Frame: Bigger Wave I and II: HCLTECH has completed its Bigger wave I and II on the monthly time frame. Wave III: The stock is currently unfolding wave III on the monthly time frame. Weekly Time Frame: Within wave III, we observe weekly counts unfolding as subdivisions in wave ((1)) & ((2)). The stock is currently in wave ((3)). Inside wave (3), subdivisions as wave 1-2-3 & 4 have been completed. Daily Time Frame: We are now possibly unfolding wave 5, which is a subdivision of wave ((3)). Wave 4: The daily wave 4 has completed its subdivisions as wave ((w)), ((x)), ((y)), ((x)), and ((z)). Wave ((i)) of 5: If our assumptions are correct, we have started to unfold wave ((i)) of wave 5. Key Levels and Risk Management: Invalidation Level : The low of wave 4 is set at 1435, serving as the invalidation level for going long. This is the stop loss level to be mindful of when entering a trade. Upside Target : Wave 5 could cross above the highs of wave 3, which is the all-time high at 1697, and more. Insights: Confirmation of Trend: Watch for a clear breakout and confirmation of trend to validate the start of wave ((i)) of 5. Caution: As with any investment, caution should be exercised, and risk management is essential. Market Behavior: Keep an eye on market behavior and patterns as they unfold to validate the count. This analysis is intended for educational purposes only and should not be considered a trade or investment tip. Always conduct your own analysis and consult with a professional before making any investment decisions. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NSE:HCLTECHLong
by RK_Chaarts
#DYNAMATECH 4126 Recommended Buy - Rachit Sethia #stockstowatchDYNAMATECH 4126 Open Targets and Open SL Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
NSE:DYNAMATECHLong
by Rachit_Sethia
HCLTECH - Bullish Consolidation Breakout with VolumesNSE: HCLTECH is closing with a bullish consolidation breakout candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 8% to 13% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
NSE:HCLTECHLong
by BrahmaBull31