One of the best IT stock - Potential to give 20% returnPlease refer chart for detailed explanation on technical analysis.
Find buying opportunity at/near support zone - Price mentioned on chart.
Fundamentals are strong so no need to worry even if price goes down.
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P.S: This is not an investment advice. This chart is meant for learning purposes only. This is my personal viewpoint so please Invest your capital at your own risk
HCLTECH trade ideas
HCLTECH - Trade for next weekAs seen on the chart, the support from the Volume profile indicator has been breached on Weekly and Daily Timeframes. A huge red candle has engulfed the previous days candle and the gap up could not hold as well.
HCL looks bearish and the targets are
TG1 - 1114
TG2 - 1074
The above is for educational purpose only.
Best buy zones for #Bottomfishing in #HCLTechnologies Good Buy Zone: 950 - 1073
Best Buy Zone: 805 - 950
Add on bounce, not while it is falling.
Long Term Portfolio Stock.
Tracking Quantity can be taken at CMP. (Tracking Quantity : Suppose you want to Invest Rs.X in a particular stock. The amount between Rs.X/5 or Rs.X/10 would be tracking quantity) (‘Tracking Quantity’ of a stock in your portfolio will help you keep a track of the stock if it is coming in the indicated buying zones.)(Sometimes Out of sight goes out of mind so buying tracking quantity of stocks that you want to add in future helps.)
HCLTECH LONGHcltech bounced back from a huge support zone. Tracking this stock from few days back but forgot to update it..
Still good time to enter this stock with decent returns.
Trade safe. Manage risk. Be profitable.
Disclaimer :- This is just my view. Please analyze charts yourself and then decide to take any trades.
Double top in HCLTECHWe are witnessing a double top in NSE:HCLTECH . It gave a breakdown on 27th Jan but on 28th price recovered a bit (as of writing this). If price fails to move up much from here and gives a close below the neckline again then it could be a good shorting opportunity for nearly 20% down move as per the height of double top formation. Keep an eye!
Double Top pattern forming on HCL (big Indian IT company)HCL TECH is a big Indian IT firm, which like all IT firms have started falling off cliffs. There is a double top pattern formed on the weekly as well as daily timeframes, and there is confirmation as the price dropped below the neckline with significant volumes.