HCLTECH NSE:HCLTECH
One Can Enter Now !
Or Wait for Retest of the Trendline (BO) !
Or wait For better R:R ratio !
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low.
2. R:R ratio should be 1 :2 minimum
3. Plan as per your RISK appetite and Money Management.
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
HCLTECH trade ideas
GUD RANGE BREAK OUT ON MONTHLY TIME FRAMERange break out in HCL tech . in monthly as well as weekly time frame . if this month close in positive. it is range break out of 8 months. it may have gud upside target. first target will be at all time high.
SL for swing 1090.
only one problem is this that it sector not supporting its moments.
Double TOP ?Clearly We can see Double Bottom With RSI Divergence and follow up of price Action
Same Thing in Double Top But waiting For some Clarifications.
Gratify if you appreciate the practice then you can like it, share it and
If you want me to investigate any chart for you then would cherish doing that for you.
Thank you for your time and support.
Stay safe.
HCL TECHNOLOGIESCompany is almost debt free.
Stock is providing a good dividend yield of 3.75%.
Company has been maintaining a healthy dividend payout of 65.5%
HCL TECH HAS FORMED CUP WITH HANDLE PATTERN
RED ARROW MARKED SHOWS RECENT BREAK OUT CANDLE
ITS CONSISTENTLY IN THE Y/Y PROFIT
CURRENT PRICE-1275
TARGET PRICE-1521
HCT TECHHCL Tech is a forgotten icon of the IT industry, and as a result, it offers us the chance to make some long-term investments.
It has now corrected by almost 200 rupees from its previous high.
This is purely for educational purposes.
not recommended; before making an investment, speak with your advisor.
#HCLTECH: Higher odds of moving towards ATHHCLTECH took good support at it´s previous highs ~900, and in fact made a double bottom over there. The Jan - April downward movement of the overall market also had little pressure towards the downside.
Trading near the confluence of 2 trendlines, and taking support consistently above the upward trendline, the odds of hitting the previous ATH ~1360 and making fresh ATH is higher.