HCLTECH trade ideas
HCL Tech moving out of after strong consolidationNSE:HCLTECH has sustained the medium-term support of 935 and is heading upwards.
The closest conservative target is 956 and 2nd target would be 975 which is also the previous peak.
Timeline for it is 4 days i.e. 11 June
The stock also looks set to touch the 1000 mark again but would take its time.
Buy HCLTECH for tgts 954/975/1006/1053Buy hcltect for targets 954/975/1006/1053 SL 890 on closing basis
HCL Tech - Technical AnalysisIts target i have shown in the picture. Thank You.
If you like this idea and this Analysis just please like this idea and leave a comment.
Disclaimer: Don't just blindly Trade or Invest, learn and then trade. Manage your risks properly.
This analysis is purely for EDUCATIONAL purpose
HCLTECH ::: BULLISH
DATE: 25 MAY 2021
INSTRUMENT: HCLTECH
TREND: BUY
TIME FRAME: DAY
CMP: 943.50
BUY ABOVE: 945
STOP LOSS: 921
TGT 01: 959
TGT 02: 986
DISCLAIMER:
We are not S E B I registered analysts.
Please consult your personal financial advisor before investing.
We are not responsible for your profits/losses whatsoever.
Leave a comment that is helpful or encouraging.
Let's master the markets together.
HcltechBuy HCLtech for medium term
Bounced from support area and near 200 EMA.
Broken trend line
Consolidating at the moment. Any close above 940 with good volumes will take stock higher.
This is just for an educational purposes
HCL TechSwing long recommended ---> stock is at good support @ 900 Tgt of 930 -> 980 -> 1000
NO Stoploss great stock ..--> keep in holding also Special option strategy can be deployed
+1 * 880CE
-2 * 910CE
+1 * 1010CE
-1 * 1030CE
+1 * HCLtech Futures
this at good price will give a downside profit of 1800 but will capped profit to 21K
HCLTECH Daily Bullish Bat & GARTLEY strong potential reversal zone
VERTICAL DOTTED LINE is Ultra high volume down bars - trap of Smart Money
Higher volume-Professionals are buying into the public selling
Earlier Bat Pattern given good reaction on Type1 entry i.e REACTION & Hit TARGETS
now price is again in PRZ Zone of Pattern Therefore it becomes a TYPE2 Entry which is REVERSAL
Within 3-5 price bars need the confirmation from a Bullish CANDLE with RSI ABOVE 30
POTENTIAL BUY
HCLTECH- beautiful chart patternHCLTECH formed a double top pattern and is now consolidating at the support level.
Good to go Long as long as it does not break 905.
HCL TECH IS FRYING SOMETHING FISSHY IS GOING ONHCL TECH IS MAKING PENNANNT SO WE WILL GET SOME BUY OPPOTUNITY IF MAKES HIGHER HIGH AND VOLUMES WITH SMALL STOP LOSS
KEEP TRACKING
HCLTECH Price bouncing from 900 levels.
now trading above 50EMA on 30 min timeframe.
Unless it is holding marked trendline it will be in buying momentum.
No doubt its a premature entry however it is forming a pattern for a big swing trade.
Note: it has to trade above 50 EMA and take support at trendline.
This is just for an educational purpose.
