HCLTECH trade ideas
HCL Technologies - 20-25% Return in coming 8-10 monthsHCL Technologies has given a nice breakout today over a long term price point. This signals a good up-run in the coming months.A short term will occur in June and then some sort of low - a buying opportunity - in July. And then can sit tight for a ride up to 1200-1300 in Jan 2019.
HCLTECH at nice support. May buy future at reversal or short PEWIPRO BUYBACK is there. INFY BUYBACK is there. Investor Sentiments are bullish. So, it's a nice buy.
SHORT 31AUG 820 PE @ 0.85 = 595 INR -1.70% in one day
SHORT 28SEP 840 PE @ 14.50 (but lets wait for tomorrow's candle). If confirmation candle appears, then short it or GO LONG on FUT