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HCL TECHNOLOGIES LTD.HCL TECHNOLOGIES LTD.HCL TECHNOLOGIES LTD.

HCL TECHNOLOGIES LTD.

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HCLTECH trade ideas

Let's call you, mimic.This chart, or Stock rather, isn't something I've been watching, nor have heard about. However, given recent happenings, this one stock caught my attention. I looked on the higher timeframes about the overall picture. Then later moved down to the 1hr timeframe you see now. If you notice, it's cleaned up more than some others I've posted, but everything has a meaning. Looking back , we see a struggle to break below that dotted trendline, and support was there. Later we see some resistance to the right, near the two rectangular boxes, and what seems to be a reverse of what we initially saw. Based on my quick markup I would expect some decline. What do you think about this idea? Leave a comment about why you disagree or agree with certain aspects of this idea! Have a great day/night.
NSE:HCLTECHShort
by xEbenx
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
HCL TECHNOLOGIES S/R Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support. Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline. Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities. Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement. Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
NSE:HCLTECH
by zenthosh