HCLTECH trade ideas
HCL TECH Here are the levels for the HCL tech stock for swing trades. price formed a inverted head and shoulders we can take the trade once the neckline is break and on the retest w e can enter with the volumes confirmation. here the stock is in downtrend so take the profit at 1150 level.
TIP: always buy the at low and sell at high.
Here I mention only the high probability trades only. as intraday trader you can have multiple entries and exits according to your setups.
DISCLAIMER: This is my own analysis and you do your own analysis before you take any trade and I am not SEBI registered and contact your financial adviser before taking any trades .I am not responsible for your profit or loss. This is only for educational purpose and learning.
comment below if you have any doubts.
HCLTECH BREAKOUTIT INDEX is showing good momentum
hcltech is being strongest in this fall and recovery
hcltech will cup and handle breakout...its not proper but can be termed as it
cup and handle breakout
cmp1146.15
sl 1102
target 1430
another week close above 1146 will give confirmation
for shortem trading
cmp 1146
sl 1105
target 1234 1293
trend based fibonacci extension
cmp 1146
sl 1102
target 1293 ; 1448
HCL Tech Consolidating and ready to launchHCL Technologies Limited is an Indian Multinational information technology (IT) service and consulting company. Negatives of the company are declining cash from operating activity annual and MFs are decreasing stake. Positives of the company are no debt, zero promoter pledge, improving annual net profit, improving quarterly net profit, FIIs are increasing stake and Dividend Yield of the company at current Market price is 4.48%. Entry in the stock can be taken after closing above 1118. Target in the stock will be 1139 and 1158. Long term target in the company can be 1210+. Stop Loss should be maintained at a closing below 960 Monthly Closing.
Is IT stocks ready to lead the NIFTY?HCL TECH : CMP 1134
SUPPORT : 1010-1030
TGT : 1215/1305
IT index is going to support the NIFTY as most IT stocks is showing similar trends, Our pick is in this segment is HCLTech CMP 1134 has good support at 1010-1030 which is 50% retracement of recent high 1149 and about to breach the high and is heading towards 52wk high 1215 and if we consider Ellliotwave then it is continuation of wave 3 which will take it to 1305 which is our final TGT.
BUY HCL TECHNOLOGY WITH THE TARGET OF 1200+The stock price has formed Bullish rounding bottom formation on the daily chart with volume rising along with the price rise. IT sector has been outperforming in the current market scenario and same is expected to continue.
The stock is placed above all important moving averages. Indicators and oscillators have also been showing strength in the current uptrend. Buy with the target above 1200+ and keep stop loss at 1085.
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HCLTECHNSE:HCLTECH
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!