HCLTECH - Long view - Educational purpose onlyThe price has fallen from a level of 1377 forming a bearish flag pattern on the daily time frame and has reached the lows of 1090.
From here we should see an upward movement which has already been shown today, however look for entry opportunities above 1149 for a target of 1338.
Maintain strict stop loss due to volatility in the market.
ENTRY 1148
STOP LOSS 1122
TARGET 1338
PROFIT 7308
LOSS 1000
QUANTITY 38
On the lower side you can go short below 1120
ENTRY 1120
STOP LOSS 1130
TARGET 1062
PROFIT 5800
LOSS 1000
QUANTITY 100
Kindly use this for study purpose only
Hcltechlong
HCLTech looks good for long termThis is an advance trade. Wait for the setup to unfold and do not rush. Buy at suggested levels.
We are looking at a return of over 20-25% in 3-6 months, only if the buying is at the level advised and SL is respected.
I will be happy to answer any queries.
Hope is not a strategy, so use common sense!
HCL TechSwing long recommended ---> stock is at good support @ 900 Tgt of 930 -> 980 -> 1000
NO Stoploss great stock ..--> keep in holding also Special option strategy can be deployed
+1 * 880CE
-2 * 910CE
+1 * 1010CE
-1 * 1030CE
+1 * HCLtech Futures
this at good price will give a downside profit of 1800 but will capped profit to 21K
HCLTECH near to strong support for reversal. Best Zone for Buy.- HCLTECH near to the strong support for reversal. Best Zone for Buy & hold.
- Joint Venture with Hitachi-ABB could be the reason for push upside in upcoming days from support level.
- Watch our next Target support level and resistance level fro entry and exit according to your target price.
- HCLTECH still continues to see large delivery positions.
- Delivery Position (05-MAY-2021 EOD ) : 46.08%
To motivate me, Please like the idea and follow If you agree with the analysis.
Happy & Safe Trading!
Vijay Singh
HCLTECH continues to see large delivery positions. EOD : 56.67%- HCLTECH continues to see large delivery positions.
- Best Time for Buy & Hold.
- Delivery Position (30-APR-2021 EOD) : 56.67%
To motivate me, Please like the idea and follow If you agree with the analysis.
Happy & Safe Trading!
Vijay Singh
HCL TECH near to rectangle breakout - Very Bullish - Level#HCLTECH is moving under rectangle box and near to upper breakout. Today stock gain Volume more then 20VMA. Stock is moving above 200SMA and 200EMA both.
Showing Bullish in all indicator:
Increase in Relative strength - Benchmark Index
CCI above +100
RSI is trending UP
MFI is trending UP
ROC is trending UP
Stoch in overbought
MACD crossed above signal line
Aggresive New Long
Making Higher High since 3 day
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Support : 570 and 546
Breakdown : 580
CMP : 592
Breakout : 600
Short Target : 614 and 623
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(Disclaimer: This is only for educational purpose.)