HCLTECH trade ideas
One of the best IT stock - Potential to give 20% returnPlease refer chart for detailed explanation on technical analysis.
Find buying opportunity at/near support zone - Price mentioned on chart.
Fundamentals are strong so no need to worry even if price goes down.
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P.S: This is not an investment advice. This chart is meant for learning purposes only. This is my personal viewpoint so please Invest your capital at your own risk
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.
HCLTECH buy for intraday tradingHCLTECH buy for intraday trading if stock and IT sector also bullish...........
HCLTECH buy for intraday tradingHCLTECH buy for intraday trading if stock and IT sector also strong then we will enter in trade..........
HCLTECH buy for intraday tradingHCLTECH buy for intraday trading if stock and IT sector also strong then we will buy the stock..........
HCL Tech Trend line breakHave a look at this chart. If it breaks 1175.50 level we can get two targets easily.
CHART PATTERN ANALYSISIn weekly time frame double top chart pattern formed, volume also supporting for brake down, so waiting for brake dowm..
Hcl techWeek DZ is between 1106 to 1123
Right now the price is at 1175
Next Week SZ is between 1291 to 1336
That our target (1291 to 1336)
Best buy zones for #Bottomfishing in #HCLTechnologies Good Buy Zone: 950 - 1073
Best Buy Zone: 805 - 950
Add on bounce, not while it is falling.
Long Term Portfolio Stock.
Tracking Quantity can be taken at CMP. (Tracking Quantity : Suppose you want to Invest Rs.X in a particular stock. The amount between Rs.X/5 or Rs.X/10 would be tracking quantity) (‘Tracking Quantity’ of a stock in your portfolio will help you keep a track of the stock if it is coming in the indicated buying zones.)(Sometimes Out of sight goes out of mind so buying tracking quantity of stocks that you want to add in future helps.)
HCL HEAD AND SHOULDER BREAKDOWNall IT stock looking bearish setup . also long term trendline breakdown below 1170. bearish flag breakdown below 1100.
HCL TECHbreakout with hugh volume and new impulse started
weekly-macd positive crossover
weekly- RSI above 60
daily- RSI above 60
adx is strong
HCL TECH INVESTMENT IDEAALL five waves and their correction are over. HCL is entering into a new phase where 5 wave move is going to start all over again. Very good opportunity for investment. Always remember, in the stock market-, TIMING is the most important aspect.
HCLTECHhcltech broke out of descending channel on smaller time frame.
Could be bought with mentioned stoploss & targets.
HCL Intraday Strategy (Clear Sell Signal) for 10/02/2022HCL Intraday Strategy (Clear Sell Signal)
Can we Sell HCL on 10/02/2022? :)
HCLTECH LONGHcltech bounced back from a huge support zone. Tracking this stock from few days back but forgot to update it..
Still good time to enter this stock with decent returns.
Trade safe. Manage risk. Be profitable.
Disclaimer :- This is just my view. Please analyze charts yourself and then decide to take any trades.
HCLTECH Potential reverse ( Swing trade )HCLTECH is on its daily support. The support also coincides with 200 daily ma. One can buy this stock ONLY IF THE REVERSAL IS CONFIRMED.
Double top in HCLTECHWe are witnessing a double top in NSE:HCLTECH . It gave a breakdown on 27th Jan but on 28th price recovered a bit (as of writing this). If price fails to move up much from here and gives a close below the neckline again then it could be a good shorting opportunity for nearly 20% down move as per the height of double top formation. Keep an eye!
Double Top pattern forming on HCL (big Indian IT company)HCL TECH is a big Indian IT firm, which like all IT firms have started falling off cliffs. There is a double top pattern formed on the weekly as well as daily timeframes, and there is confirmation as the price dropped below the neckline with significant volumes.
HCL TECH Daily Timeframe Trendline SupportHcl tech on its Trendline area & it may get support from here, wait for a green body closing which will make it as a morning star formation. then buy & hold untill it make a 3rd top or all time high.
HCL 1dtfLooks like take a support at its long time trendline if move upwards having target of above 1290 and if breaks downwards looks for selling upto 1187
but weekly candle looks like upward favour one
