HCLTECH--Rally base rally or Manipulation
This stock is now in consolidation
we have a strong support lies lies at 1580 range...
we have a rally base rally chance in this stock.
if price manipulation happens...to downside price distribution will observe to topside as well.
indicating bullishness in this stock price.
keep in long side from support levels.
case1::
case 2::
case 3::
Hcltechshort
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--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 - Trade for next weekAs seen on the chart, the support from the Volume profile indicator has been breached on Weekly and Daily Timeframes. A huge red candle has engulfed the previous days candle and the gap up could not hold as well.
HCL looks bearish and the targets are
TG1 - 1114
TG2 - 1074
The above is for educational purpose only.
Rising wedge in HCLTECH on a 15 min tfhcltech had created a gapup due to which selling can be seen and a rising wedge is forming
1st entry for short can be created below closing of 1258.50
with tg of 1246
2nd entry below 1246 with target of 1230
keeping sl trailing as per risk appetite
disclaimer: this post is not an investment or trading advice
please consult your financial advisor before deploying any capital
pls drop down your doubts and comments
and like if you want more charts
HCLTECH (Intraday/Short Term trade)This analysis is purely based on price action on naked charts.
This trade is for intraday or very short term positional trade.
Trade Strategy is given in image itself with ENTRY, TARGET & SL
*Trade as per your own risk & money management*
Feel free to comment for any query or suggestion
HCLTECH No More StrengthNSE:HCLTECH
If you can see HCLTECH getting narrowing down its movement as its going up. And last couple of days its also not showing any strong bullish closing on Daily and 1H chart.
Volume is also indicating professionals are now not interested in higher prices.
We may consider this as weak stock now which may fall or best say it will show some retracement towards down sider.
I will consider this stock bearish only if it gives solid closing below 644 on 1H chart.
This bearish view will become invalid only above 662 closing basis.
HCLTECH looking bearish for coming days.NSE:HCLTECH
As per price and volume we can clearly see strong rejection of higher prices. Daily chart is showing sideways trend.
As per the trend of higher TF HCLTECH looking good below 527 as per 30M chart for short with Sl above 537. Both entry and exit closing basis.
I am looking for targets of 515,506 in coming trading sessions.