hcltech positional or swing trading targets hcltech looks very bullish, and in the recent past has recorded a bullish break after a consolidation. it has formed a bullish penant formation in the three hourly chart, so one can go long after the break of black line with a potential target of the green line that is around 900.
HCLTECH trade ideas
HCLTECH (NSE) - Elliott wave analysisWelcome guys,
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HCLTECH (NSE) - It has complted impulse from major low as shown in chart. It is at the point, where it can probably reverse down and correct the up move, which will need further confirmation. If price broken up above 845, then the 5th wave will extend further and go higher. But if it is broken down below 783, then it will go down up to 660 or even lower. So keep eye on both level to take next trade.
Give thumbs up if you really like the trade idea.
HCLTECHTHERE SEEMS TO BE SMALL SUPPORT AT 715, IF IT HOLD THEN CAN HIT 724 AND 729
ELSE CAN LEAD TO 712 705 AND 700
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
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HCL Tech (A Breakout Incoming ?)HCL Tech has been consolidating in a range and is forming a potential triangle. The stock has also formed a Bearish Divergence between the price and the RSI Indicator.(While the price has been making similar highs, the RSI has been forming lower highs). The stock is still away from it's Support and Resistance areas but looking at the current market scenario, it might not be a surprise if the move is done with in a single day.
Keep a lookout for any breakouts on either sides.
Should be interesting.