HCLTECHNSE:HCLTECH
IT Sector is in buzz, also results are there in coming days, hence it seems to be in upmove.
It can be entered with a sl of 594 for targets of 613 and 623, and beyond that further upside.
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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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HCLTECH trade ideas
HCL TECH near to rectangle breakout - Very Bullish - Level#HCLTECH is moving under rectangle box and near to upper breakout. Today stock gain Volume more then 20VMA. Stock is moving above 200SMA and 200EMA both.
Showing Bullish in all indicator:
Increase in Relative strength - Benchmark Index
CCI above +100
RSI is trending UP
MFI is trending UP
ROC is trending UP
Stoch in overbought
MACD crossed above signal line
Aggresive New Long
Making Higher High since 3 day
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Support : 570 and 546
Breakdown : 580
CMP : 592
Breakout : 600
Short Target : 614 and 623
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(Disclaimer: This is only for educational purpose.)
HCLTECH looking bearish for coming days.NSE:HCLTECH
As per price and volume we can clearly see strong rejection of higher prices. Daily chart is showing sideways trend.
As per the trend of higher TF HCLTECH looking good below 527 as per 30M chart for short with Sl above 537. Both entry and exit closing basis.
I am looking for targets of 515,506 in coming trading sessions.
HCLTECH @ Resistance 530Hello, It look like HCLTECH is in uptrend but currently at resistance level and since last few days running sideways.
Probability of respecting resistance is higher as bearish harami pattern was formed on 22nd March '19. In my opinion, good exit point for swing traders.
What is your opinion?