finogent

HCLTECH at a Crucial Fibonacci Level.

Long
NSE:HCLTECH   HCL TECHNOLOGIES
The LAST CLOSE PRICE of HCLTECH is 858.5. The PARABOLIC SAR is showing the UPWARD SIGNAL with TREND as UPTREND. The FIBONACCI LEVELS analysis shows that the CLOSEST FIBONACCI LEVELS is 0.5 at the FIBONACCI STOCK PRICE LEVEL of 855.48. From here, the Key Support and Resistance levels are SUPPORT 1 at 250.07, SUPPORT 2 at 826.32 with RESISTANCE 1 and RESISTANCE 2 at 868.51 and 887.05 respectively. The Key 50% FIBONACCI LEVEL stands at 855.48 which is the crucial Fibonacci Level determining whether the scrip will maintain the trend or not.

The STOC RSI has the values K and D as 97.39 and 88.51 respectively. At this level it the status is OVER BOUGHT. When we look at the Moving Averages, MACD is the crucial indicator to look into. With MACD VALUE at 5.05 and at 1.51 alongwith HISTOGRAM showing valus of 3.54, the STATUS is clearly UPWARDS.

The best indicator to determine the Trend Reversal is FISHER TRANSFORM and currently the values of FISHER and TRIGGER stand at 1.17 and 0.74 with as UPTREND. A very important factor while making the investment is to see if there has been already too much Buying or Selling, and that are we entering too late into the transaction or not. Thus, with WILLIAM's R% value at -0.1338 the STATUS is OVER BOUGHT.

No one wants to buy costly things, and thus always look for the bargain or appropriate price levels to buy things. The same applies to Stocks, however the only exception would be some Hot Stocks that one wants to have any price. Looking at this perspective, the P/E RATIO of the stock stands at 19.095 which signifies its Price Level to be AVERAGE.







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