HCL Technologies Retesting the trend lineNSE:HCLTECH
The TrendLine acted as a Resistance before the breakout
Now the TrendLine is acting as a support
Buy if the price sustains above the trendline
SL @ 964
T@rget @ 1010
HCLTECH trade ideas
HCL Tech Chart analysis targets towards 1125This analysis shows how HCL tech movement works in zones.
Buy HDCTECH positionallyHCL TECH is looking strong on Charts and IT sector itself is in Uptrend. Previous shorterm resisitance also acting as a good support.
(Note:- This is my personal views. Please consult with your financial advisor before taking trade.)
HCLtech 15 min analysisHCLtech making all time high.. as shown in chart after triangle breakout it can start its rally up
Chart is only for educational purpose, not a trading recommendation...
HCLTECHI'm not an expert I'm just sharing my views on HCLTECH for next trading day
I'm not responsible for any profit or loss this is not a recommendation.
A good setup spotted in HCL TECHBuy HCL Tech on swing basis trade for a good target in coming days. SL is close so risk is very small in front of reward.
(Note:- This is my personal views. Please consult with your financial advisor before taking trade.)
HCLTECH already broke out from falling wedge 1hr time frameHCLTECH already broke out from falling wedge 1hr time frame, now trading at hourly time frame support its for bit long term
HCL - Retesting support after breakoutHCLTECH has given breakout and now taken a support from its previous resistance level.
High chances that in first hour on 8th December, it may come to its support again and carry on it upmove. Not a bad price to go long.(short term)
HCLTECH at a Crucial Fibonacci Level.The LAST CLOSE PRICE of NSE: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 .
Disclaimer:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
HCLTECH - Bullish H&S Pattern - Intraday/Short Term TradeThis analysis is purely based on price action and Chart Patterns.
The analysis is on 15min TF hence target can be achieved in intraday trade or in couple of days
Trade strategy is explained in image itself. Don't chase the price.
Always plan your trade & trade your plan
Keep trailing SL accordingly once entered into the trade.
Trade at your own risk and money management. Do your own study before taking any trade
Feel free to comment for any queries & suggestion
HCLTECHHCLTECH is weak below 795
These idea's are not my recommendation. Do your own analysis before making any trade based on this idea.
HCLTECH - Bull Flag & Inverted H&S - Short Term tradeThis analysis is purely based on price action and Chart Patterns.
The analysis is on 15min TF hence target can be achieved in intraday trade or in couple of days
Trade strategy is explained in image itself. Don't run after the price.
Always plan your trade & trade your plan
Keep trailing SL accordingly once entered into the trade.
Trade at your own risk and money management. Do your own study before entering into any trade.
Feel free to comment for any queries & suggestion
HCLTECH - ShortHCL Tech CMP - 824.70
Looking bearish in higher time frame. One can go for Intraday / Swing trade setup with the following entry, exit & targets
Sell at or Below ONLY 819 / Stop Loss 827
Target 1 - 815
Target 2 - 810
Target 3 – 805 / 800
Disclaimer: This is my view and for educational purpose only.
