HCLTECH Swing tradeThis stock is good for swing trade at this point resistance and support is marked on chart feel free to correct me if I am wrong
HCLTECH trade ideas
Price Wise CorrectionThis is taking for my own reference.
I think that the price will go up for short term.
HCL TECH clean breakoutFor educational purpose only .
can go long as it is clean breakout from the levels.
HCL Technologies Short Term ReversalThe stock has reached lower trend line and took support and is ready for a reversal rally. Trade is supported by brokerage calls and major supports before SL levels. Target is placed near all time high with a risk reward ratio of 1:1.
HCLTECH - Cup & Handle Breakout - New Life-time high possible?The above analysis is done purely on basis of Price Action & Chart Patterns.
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study before entering into any trade. Traders must trade as per their own risk taking capacity and money management.
Feel Free to comment or message me for any query or suggestion regarding this stock or Price Action Analysis.
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups.
Buy Hcl TechThis beautiful stock came up on 7/6/21 on my charts. I bought it positionally for 1000. However, it again gave breakout and I revised the target for 1060 on 25/6/21. Today again it has given Breakout on Daily charts. Do not sell at 1060 as my targets are 1071, 1184,1364 and 1546 for long term. I will review this stock once it closes above 1071 and give my next view. Its a very good fundamental stock with nice technical breakout so worth investing in it. Keep a SL around 1010 daily closing basis and take your position.
View - Medium - log term. 1 Year plus.
longmultiple resistance zone on 1D tf if break and sustain might go for new highs
enter above 1056 (enter after confirmation candle only)
SL- 1021 for intraday basis , 960
for long term
targets open 1100, 1150, 1200
w pattern on daily tf
we can say double bottom
for education purposes
HCLTech - Elliott wave analysis - C of ABC flat correctionIt is in sideways flat correction, where C wave is in progress. The 2nd subwave is bouncing and go higher before it starts 3rd subwave down towards 900 level. The 1053 level is invalidation level for the set up.
HCLTECH correlation with the result dateSo this correlation explains that
Almost 85% of time before results HCL rises in uptrend about 4-10% BEFORE RESULTS.
Almost 75% of time after results HCL falls 5-10% immediately after RESULTS. 25% time it can continue uptrend.
There is one case when HCLTECH was in deep downtrend before results , then moved to uptrend after wards.
So, currently HCL is trading at 975 , nifty is side ways , what do you think this will be proven correct again ?
A bullish hammer. HCL Tech has formed a bullish hammer today. Extremely good sign. People can invest in this stock as this has lots of potential to go ahead. This candle shows strong buying at the lower levels.
HCL TECH HCL TECH can give a good up move as it was trading in a range and it is given breakout and also restested the level.. Expecting a good move upside..
Quarterly results and HCL tech movement the 5% stockHere I have checked correlation between HCL tech and Quarterly results announcements. It seems it is very easy to catch 5% movement.
HCL tech bearish engulfing RSI negative diversionHCL tech bearish engulfing RSI negative diversion, Rising wedge flag pattern break down all sign of bearishness it may fall to main support level
