HCLTECH trade ideas
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
HCL Tech seems find support . Ending diagonal in process of making, we will likely make triple top.
Stop loss - 2 consecutive closing below 1150.
This is for educational purpose only
HCL Tech - when to enter?HCL Tech
Currently in a downtrend
It has good support at the given Levels of 1189.70 and expected to see a bounce back from there on.
If that is broken the next Support level would be 1138.
Dont Enter now wait for a reversal
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Happy Trading :)
HCL TECHNOLOGIES - FORMING A CUP & HANDLE PATTERNForming a cup and handle bullish pattern. Buy above when the neckline is broken upwards @1330 to play the pattern.
Trade Cup and Handle Patterns- Ready to breakout with hot teaA bullish breakout, signaling a continuation of the prior bullish trend, occurs when the handle breaks above the upper trendline of the handle, which is typically below the resistance line set by the right side of the cup. The breakout should occur on high trading volume and continue above the trendline drawn from the left to the right side of the cup to provide confirmation. However, if the right side of the cup is well below the left side, it is prudent to wait until the handle breaks above the level of the left side of the cup before committing to the breakout and anticipated continuation.
HCLTECH Cup & Handle patternAll the details are mentioned on the chart
No recommendation, just for study purpose!
HCL TECH SELLHCL TECH SELL for day trading if stock break the IT sector weak then we will initiate the trade....
HCLTECHHCLTECH is trading inside bullish triangle which is not broken yet, but i preemt it will break out of triangle.
Could be bought here & add more above 1339 with mentioned sloss & targets.
update of HCL TECH based on wave theory dt. 3/1/22I have updated the HCL stock analysis. Now I am expecting an expanded flat correction instead of a simple zigzag pattern.
HCLTECH - Bullish Head & Shoulder - Intraday/Short term tradeThe analysis is done on 15 min TF hence price may take a couple of days or more 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 & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
HCL TECH SWING TRADE ANALYSISHCL is holding on 23 level of fabonaci its has formed head n shoulder pattern
Entry-1268
Exit-1394
Stoploss-1243
Rising wedge in HCLTECH on a 15 min tfhcltech had created a gapup due to which selling can be seen and a rising wedge is forming
1st entry for short can be created below closing of 1258.50
with tg of 1246
2nd entry below 1246 with target of 1230
keeping sl trailing as per risk appetite
disclaimer: this post is not an investment or trading advice
please consult your financial advisor before deploying any capital
pls drop down your doubts and comments
and like if you want more charts
HCL TECHAfter days of pullback price has reached near 50% of Fib level. In last trading session it has formed a bullish candle on 1 day chart. 44 SMA have not yet slopped downwards. Make trendline by joining top of previous candles. If the trendline brakes price may continue for bullish move.
HCL Breakout, go longHello guys , the market seems to have made a bottom so now lets go for longs, do your own analysis also.
HCL made a H&S pattern
Broke counter trend-line
Gave a symmetrical triangle breakout
IT sector is strong
Wipro already running like black horse
Buy near 1200
Targets mentioned in the chart.
RSI looks bullish
MACD is above signal line
HCL Tech IndiaSun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
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Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision.
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HCL Tech looks bullish from current levels of 1205HCL Tech looks bullish from current levels of 1205 with SL of 1142
Change in price action on daily time frame.
HCL Technologies IndiaSun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
Focus: Worldwide
By Sun Storm Investment Research & NexGen Wealth Management Service
A Profit & Solutions Strategy & Research
Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures |
USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India
Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision.
#debadipb #profitsolutions
Long Hcl tech#hcltech
Breakout of range after 3 months with v high volume and bullish candle.
CMP: 1205
Target: 1280+
Long term target: 1500+
Do your own research before #investing. For education purpose only.
#SwingTrading #nifty50 #BANKNIFTY #NIFTYIT #TCS #TECHM #LTI #coforge #Infosys
