HCLTECH trade ideas
Lets learn FIB together - HCLGot introduced to this instrument super recently, trying to practice FIB projects, its stunning how these level are overlapping. it seems very convenient to project on historic charts, this is an attempt to track new movements. lets see if we get a confirmation on 936 or 923
Strong Support and Resistance in Covid Time.Covid time stocks are falling even though fundamentally strong. I am expecting the maximum falling is 10.36%. It is a fundamentally super strong company.
hcl tech trend line break down imp support level holding TREND LINE BREAK DOWN and holding important support ,once its break down we will see more down side, its only for education purpose only
Inverted Triangles and Megaphone Patterns , Discretion advicedLOOKS LIKE Inverted Triangle and Megaphone Pattern is in the making In such kind of pattern one can see new high and new lows so you can think of those megaphones or bull horns kind of patter. Under which making new high constantly new lows constantly pattern kind of widening out
This pattern itself is very hard to find they don’t setup that often , you can see depending on the timeframe once a week once a month , may be once a year if you are looking at the big time frame so they don’t happen very often but when they do they are very very powerful , so the big thing behind is we need to see the actual price action setup meaning that we need a two highs and two lows so that we can connect together so in this case we going to have a high and high to low and low that’s the important part of this the more you have the better but you need at least 4 points so once you got that 4 setup then we can look at taking the side of the trades so basically what you want to do is price comes at the either side of low or high , one can become a buyer or seller.
buy hcltechichimoku breakout in hcltech. it has close abv cloud and also lagging span has closed abv cloud. me may see further upside in this stock
BUY HCLTECH ABOVE 972 TGT 1020 /1055 SL BELOW 925 Scrip looks fine as the dollar is strong and it is looking like it is coming out of consolidation. In the chart, yellow line depicts the resistance point and closing above which indicates buying for the upward blue lines as targets and red line as SL
HCL-TECH w PATTERNAs you can see in this chart there is a W pattern on HCL TECH 2 H time frame & and you can also see that there is a falling channel in 15 mint chart so as for my analysis we can enter in this around 966-975 range stop-loss will be 989 TGT we can see around 905-890.
HCLTech - Elliott wave analysis - ABC zigzag of Y downIt is in double zigzag correction as WXY. B of Y wave is in progress as corrective move and soon will finishes. Then C of Y wave will move down.
HCLTECH - LongHCL Technologies going well inside channel support. as per EMA Indicators also showing bullish. Trying to break the resistance at around 985 but failed couple of times. 1000 should be done in couple of days.
HCLTECH LONG INTRADAY 19 Mar,2021Dear trader,
If u look at the chart of HCLTECH (analysis based intraday only) the HCLTECH Buy at 956 and Target at 970 and Stop loss at 946.
The chart clearly indicates Bullish Trend you can also see the candle stick patters for more indepth analysis.
In Intraday most important thing is to enter and exit points.
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Broken Wedge and retest doneHCL broken wedge pattern and retest done, expected target marked on the chart.
Lets see..
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 ).
