HCLTECH Go loooooooooooongAlas!!!!!!!!!!!! one more techstock identical to TECHM analysis ! So I will just copy past exact text but with HCLTECH price !
HCLTECH seems like it completed Elliott corrective wave and begin new cycle of Impulse wave! Also price is getting good support at Fibonacci retracement level of 0.382 (883 to 908) and reaching apex of triangle.
Price already broke out above triangle. Go Loooooong.
If price goes up, I will update T1 and T2.
If you are long time investor, cash out after 5 months (approximate time for completing New impulsive wave ).
HCLTECH trade ideas
Break Out - HCL-- Breaks the parallel channel and moves out from a support line. Which is now becoming Resistance -2
-- If it crosses the Resistance -1 then the next target is 1176
-- If it goes below the support -1 (900) then the next support is 800
-- Also just crossing 50 Exponential Moving Average
-- Golden crossover
"NSE:HCLTECH" - "SELL" signal 15 min Chart (Solved Signal 1)-SELL signal generated by "Solved Signal 1(SS1)" in 15 min Chart of "NSE:HCLTECH".
-"NSE:HCLTECH" 15 min Chart
- Indicator used "Solved Signal 1(SS1)"
-Solved Signal 1 generates SELL signal(by default: text:- SS1, color= red,shape=triangledown)
on 15 min Chart of "NSE:HCLTECH" .It means "NSE:HCLTECH" can go down.
-Solved Signal 1 uses "NSE:HCLTECH" Price data for Solving the Market(See description of Indicator).
-Like and Comment NSE:HCLTECH NSE:NIFTY BSE:SENSEX
HCLTECH - ShortHCL Tech CMP - 946.15
Looking bearish in higher time frame. One can go for Intraday Trade setup with the following entry, exit & targets
Sell At or Below Range 945 / Stop Loss 955.55
Target 1 - 940
Target 2 - 935
Target 3 - 931
Disclaimer: This is my view and for educational purpose only.
HCLTECH - Intraday Trade SetupHCL Tech Tv CMP - 955.50
Looking bearish in higher time frame. One can go for Intraday Trade setup with the following entry, exit & targets
Sell at or Below 941 ONLY / Stop Loss 961
Target 1 - 936
Target 2 - 931
Target 3 - 926
Disclaimer: This is my view and for educational purpose only.