HCLTECH trade ideas
HCL Technologies - 20-25% Return in coming 8-10 monthsHCL Technologies has given a nice breakout today over a long term price point. This signals a good up-run in the coming months.A short term will occur in June and then some sort of low - a buying opportunity - in July. And then can sit tight for a ride up to 1200-1300 in Jan 2019.
HCLTECH at nice support. May buy future at reversal or short PEWIPRO BUYBACK is there. INFY BUYBACK is there. Investor Sentiments are bullish. So, it's a nice buy.
SHORT 31AUG 820 PE @ 0.85 = 595 INR -1.70% in one day
SHORT 28SEP 840 PE @ 14.50 (but lets wait for tomorrow's candle). If confirmation candle appears, then short it or GO LONG on FUT
SUPPLY AND DEMAND ANALYSIS HCL TECHNOLOGIES INDIAN STOCK, NSEMonthly demand in control, too low in the monthly supply and demand range.
Weekly ranging between two opposing imbalances.
Since monthly demand is in control and uptrending, longs at daily demand zones. That long happened already at 760. Daily Demand tested twice and playing out.
Waiting for new areas of demand to go long on HCL Technologies, or lower around 759 at weekly demand.