HCLTECH LONGHCLTECH CMP 717 LOOKS GOOD FOR ANOTHER BULL RUN SMALL RESISTANCE AT 730 760 AFTERWARDS BULL RUN TILL 830 SUPPORT PLACED AT 675
HCLTECH trade ideas
HCLTECH - FOLLOWER REQUESTLEVELS FOR REFERENCE
NSE:HCLTECH
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
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HCL tech at 31 July 2020HCL has given a great breakout as expected with good earning report it sky rocketed ...
For some time the stock is in consolidation mode ===> also overbought mfi multiple times
Major Resistance 720
Major Support 690
these two are to be watch and closing in atleast hourly or 4h important ...
not expecting Resistance to break ---> personally expecting a breakdown ( retracement ) till 660 zone
Option Strategy -> no such good strategy comes in mind ...
HCLTECHNSE:HCLTECH
With markets poised to fall tomorrow, IT seems a good bet, so if someone is long in this, remember the support of 692.
If it goes below that and sustains, u can see levels of 683 and 673, on upside 699, 704 and above
***CAREFUL*** - its a small timeframe chart, be cautious
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
***********************************************************************************************************************************************
HCLTECH No More StrengthNSE:HCLTECH
If you can see HCLTECH getting narrowing down its movement as its going up. And last couple of days its also not showing any strong bullish closing on Daily and 1H chart.
Volume is also indicating professionals are now not interested in higher prices.
We may consider this as weak stock now which may fall or best say it will show some retracement towards down sider.
I will consider this stock bearish only if it gives solid closing below 644 on 1H chart.
This bearish view will become invalid only above 662 closing basis.
HCLTECH - Result announcement tomorrow - Created Doji#HCLTECH Quarter result will come tomorrow. Stock today Hit the 52 week High. but stock created a big doji and closed above the resistance line. Stock will be volatile for tomorrow. Level 640 & 650 has strong OI buildup compare to 620 and 610 level.
Showing Bullish result in Technical Parameter:
CCI in overbought zone
MACD is treading UP above 0
RSI near to overbought zone
William R% is bearish
Stoch reversing from overbought zone
MFI in overbought zone
ATR is decreasing since 5 day
Aggressive New Long
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Support : 585
Breakdown : 600
LTP : 627.65
Breakout : 653
Short Target : 700
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Positive & Negative Point:
1) Very Bullish in Daily/Weekly/monthly chart
2) Relative Strength - Benchmark index is increasing
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(Disclaimer: This is only for educational purpose and paper treading.)
HCLTECHNSE:HCLTECH
IT Sector is in buzz, also results are there in coming days, hence it seems to be in upmove.
It can be entered with a sl of 594 for targets of 613 and 623, and beyond that further upside.
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
***********************************************************************************************************************************************
HCL TECH near to rectangle breakout - Very Bullish - Level#HCLTECH is moving under rectangle box and near to upper breakout. Today stock gain Volume more then 20VMA. Stock is moving above 200SMA and 200EMA both.
Showing Bullish in all indicator:
Increase in Relative strength - Benchmark Index
CCI above +100
RSI is trending UP
MFI is trending UP
ROC is trending UP
Stoch in overbought
MACD crossed above signal line
Aggresive New Long
Making Higher High since 3 day
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Support : 570 and 546
Breakdown : 580
CMP : 592
Breakout : 600
Short Target : 614 and 623
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(Disclaimer: This is only for educational purpose.)
