HCLTECH trade ideas
HCL Tech break out!!!This is HCL 1D chat. the stock has been trading in triangle pattern and finally given break out. it might be an opportunity to go long (green line ) or there can be momentum loss also (red line).
In my opinion the stock deserve to bet upon.
and you guys can take trade as per your risk apatite.
Thanks,
Ibran Ansari.
HCL Tech Weekly Tf- Fake BO few days ago, retailers trapped.
-Again BO, in fear, we have observed profit booking i.e retesting support line.
-According to TA, Double bottom formation.
-NIFTY IT at resistance.
-With any push in IT sector, HCL may be the stock of month.
-My fancy target as per risk appetite:
1111/1122/1133/1144++
Educational Purposes only.
HCLTECH - Cup & Handle Breakout - New Life-time high possible?The above analysis is done purely on basis of Price Action & Chart Patterns.
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study before entering into any trade. Traders must trade as per their own risk taking capacity and money management.
Feel Free to comment or message me for any query or suggestion regarding this stock or Price Action Analysis.
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups.
Buy Hcl TechThis beautiful stock came up on 7/6/21 on my charts. I bought it positionally for 1000. However, it again gave breakout and I revised the target for 1060 on 25/6/21. Today again it has given Breakout on Daily charts. Do not sell at 1060 as my targets are 1071, 1184,1364 and 1546 for long term. I will review this stock once it closes above 1071 and give my next view. Its a very good fundamental stock with nice technical breakout so worth investing in it. Keep a SL around 1010 daily closing basis and take your position.
View - Medium - log term. 1 Year plus.