HCLTECH--Near it's Demand zone??Observations::
This stock is in uptrend...now its near demand..look for buy.
A strong bullish momentum is observed from this zone...1180
it has taken support from this zone multiple times...
now again it is at the same zone....
look for buy side...
weak momentum to the bottom side is also observed.
if we see a strong fall is observed from this zone 1196...
it will test soon before falling again from this zone...
HCLTECH
HCLTECH--Facing Resistance in this zone @1155 ??Observations::
---The stock price is again facing resistance from this zone @1155 multiple times.
if price breaks this range on top we have targets at 1163 and 1180, in this zone price has consolidation to fall is happen. keep track this levels.
--->> if price breaks this we have next resistance @1200 range.
if we in 1hr time frame, its still in bullish.
price taken the support from 1105 zone.
price has taken the support from this zone multiple times.
If price breaks this zone @1125 range, look for sell @1132 for target of bottom side bullish gap.
keep 1st target @1115 ,rest at cost to cost.
HCLTECH--Short term Bearish look??Observations::
After a strong fall from resistance price slowly reached the resistance again and starts falling.
we have demand zone in the range 1105, price will test that demand zone,
initially look for buy @1105 level,for 1130 range only.
if another demand zone @1135 resist price fall is more,and will reach the bottom zones at 1070 levels.
Keep track this levels...
HCLTECH--1155 Or 1110Observations::
clearly the stock is trending upwards,
previous resistance @1150 is acting as resistance again.
previous resistance @1110 level, broken strongly. if this again acts as support price again bullish.
If price is failed to create a new HH and breaks 1125 zone,
go for selling up to 1110 with a retest or pullback.
previous resistance may acts as support, recently price moved from this level with strong consolidation.
Fake breakout may happens at 1155 zone, keep track this levels.
HCLTECH--Good to sell @1100-1120 zone??Observations:
---->> trending upwards.
----->> we have a trendline support as well.
------->>Keep track this level @1120 will again push the price to lower levels.
------>> previous support level @1070 level holds again it will turn to bullish up to 1150 range.
HCL Tech Consolidating and ready to launchHCL Technologies Limited is an Indian Multinational information technology (IT) service and consulting company. Negatives of the company are declining cash from operating activity annual and MFs are decreasing stake. Positives of the company are no debt, zero promoter pledge, improving annual net profit, improving quarterly net profit, FIIs are increasing stake and Dividend Yield of the company at current Market price is 4.48%. Entry in the stock can be taken after closing above 1118. Target in the stock will be 1139 and 1158. Long term target in the company can be 1210+. Stop Loss should be maintained at a closing below 960 Monthly Closing.
Is IT stocks ready to lead the NIFTY?HCL TECH : CMP 1134
SUPPORT : 1010-1030
TGT : 1215/1305
IT index is going to support the NIFTY as most IT stocks is showing similar trends, Our pick is in this segment is HCLTech CMP 1134 has good support at 1010-1030 which is 50% retracement of recent high 1149 and about to breach the high and is heading towards 52wk high 1215 and if we consider Ellliotwave then it is continuation of wave 3 which will take it to 1305 which is our final TGT.
HCLTECHNSE:HCLTECH
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!
INDIAN IT INDEX & STOCKSHELLO ALL, GOOD EVENING,
VERY INTERESTING MARKET CLOSED DEEPLY NAGATIVE,
DESPITE OF GLOBAL & INDIAN MARKET, IT SECTOR IN POSSITIVE.
Accenture results good, but guidance given some low comparitively less than
last quarter. it sector going to anounce jan 12 start with infy.
just check TCS, INFY & HCL THESE
1.Closed above moving avg
2. fibb retracement done & going up ward direction
volume supporting
keep on eye IT STOCKS