It seems HCL is near its short term bottom. It has already gone down by around 15% from its last high. I see maximum 3-4% downside after which it should start its upswing again. Should we buy tomorrow or wait for couple of days more and take long position on Monday? Please share your views.
Here are some pointers for HCL:
- HCL recently broke its range and the final resistance trendline.
- The breakout was quite close to a resistance zone. A bearish engulfing prompted selling, but retest and continuation potential remains.
- A retest candle with a long lower wick signifies bullish sentiment. Notice the price sustained over the trendline.
- Your...
Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support.
Support levels are represented by the green line and green shade, indicating areas...
HCL TECHNOLOGIES LTD
Key highlights: 💡⚡
✅On 1 Hour Time Frame Stock Showing Breakout of Symmetrical Triangle Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 1610+.
✅Can Go Long in this Stock by placing a stop loss below 1530-.
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This stock is now in consolidation
we have a strong support lies lies at 1580 range...
we have a rally base rally chance in this stock.
if price manipulation happens...to downside price distribution will observe to topside as well.
indicating bullishness in this stock price.
keep in long side from support levels.
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case 3::
HCL TECHNOLOGIES LTD
Key highlights: 💡⚡
✅On 1Hour Time Frame Stock Showing Breakout of Uptrend Channel Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 1660+.
✅Can Go Long in this stock by placing a stop loss below 1595-.
Stock gave perfect retest after breakout on a WEEKLY chart : Also stock has posted massive results which will result in upmove .
Entry - cmp or 1469
SL - your risk ( max - 5% )
Target - 1628, 1783
-- DISCLAIMER --
I am not a financial advisor or SEBI registered.
This is just a view.
Please DO YOUR OWN RESEARCH before investing in any stock.
Happy trading.
Peace.
HCL TECH is in positive territory
its a stock to go long above the levels of 1147 on hourly closing
target levels marked on the chart with the black highlight &
invalid zone is 1435
NSE:HCLTECH
One Can Enter Now !
Or Wait for Retest of the Trendline (BO) !
Or wait For better R:R ratio !
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low.
2. R:R ratio should be 1 :2 minimum
3. Plan as per your RISK appetite and Money Management.
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
Range break out in HCL tech . in monthly as well as weekly time frame . if this month close in positive. it is range break out of 8 months. it may have gud upside target. first target will be at all time high.
SL for swing 1090.
only one problem is this that it sector not supporting its moments.
Clearly We can see Double Bottom With RSI Divergence and follow up of price Action
Same Thing in Double Top But waiting For some Clarifications.
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