HCLTECH trade ideas
HCL TECHNOLOGIESCompany is almost debt free.
Stock is providing a good dividend yield of 3.75%.
Company has been maintaining a healthy dividend payout of 65.5%
HCL TECH HAS FORMED CUP WITH HANDLE PATTERN
RED ARROW MARKED SHOWS RECENT BREAK OUT CANDLE
ITS CONSISTENTLY IN THE Y/Y PROFIT
CURRENT PRICE-1275
TARGET PRICE-1521
HCT TECHHCL Tech is a forgotten icon of the IT industry, and as a result, it offers us the chance to make some long-term investments.
It has now corrected by almost 200 rupees from its previous high.
This is purely for educational purposes.
not recommended; before making an investment, speak with your advisor.
#HCLTECH: Higher odds of moving towards ATHHCLTECH took good support at it´s previous highs ~900, and in fact made a double bottom over there. The Jan - April downward movement of the overall market also had little pressure towards the downside.
Trading near the confluence of 2 trendlines, and taking support consistently above the upward trendline, the odds of hitting the previous ATH ~1360 and making fresh ATH is higher.
HCL TECHNOLOGIES Buy IdeaAs per my analysis, NSE:HCLTECH has given a breakout of downward trendline. Now there could be a buy opportunity if price retest level of 1160 with stop loss of 1125 (-35 points risk). My expected upside target would be 1180 (+20) and 1202 (+42).
Note: This is my personal analysis, only to learn stock market behavior. Thanks.
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.
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