________________________________________
📈 HCL Technologies Ltd (HCLTECH) – TECHNICAL ANALYSIS
📆 Date: June 11, 2025
🔍 Timeframe: Daily
________________________________________
📌 Overall View: Symmetrical Triangle Breakout Attempt with Momentum
HCL Technologies is showing signs of bullish momentum as it attempts a breakout from a symmetrical triangle pattern. The stock recently tested the upper boundary of the triangle and is challenging a key resistance zone near ₹1716. While the stock closed just below the resistance today, the strong bullish candle, above-average volume, and multiple indicator confirmations hint at a potential breakout continuation in the coming sessions.
________________________________________
📌 Price Movement and Trend
Price action over the last few weeks reveals a consolidation phase after a steady uptrend from the April lows. The recent sessions formed a converging triangle, with buyers stepping in near higher lows. Today's candle shows a breakout attempt, with the price testing the resistance but closing slightly below it. Nonetheless, this is a sign of aggressive buying interest and indicates a possible continuation if follow-up volume and price strength are observed.
________________________________________
📌 Chart Pattern
Symmetrical Triangle Formation: This pattern suggests a temporary consolidation before a decisive move.
Breakout Attempt: Today's candle signals a move beyond the upper triangle resistance.
Volume Confirmation: Above-average volume adds weight to the breakout move.
Momentum Indicators: Price action is supported by bullish indicators, confirming trend strength.
________________________________________
📌 Support and Resistance
Immediate Resistance: ₹1716 (key breakout level being tested)
Next Upside Levels: ₹1873, ₹1952, ₹2031, ₹2110, ₹2189
Strong Support: ₹1637 (Stop-Loss), followed by ₹1302 (Major Support)
Upside Potential: If ₹1716 is crossed decisively, the stock could unlock significant upside potential in the coming weeks.
________________________________________
📌 Volume Analysis: Bullish Bias Confirmed
The breakout attempt comes with above-average volume, which is an important confirming signal. A surge in volume during or before a breakout implies active interest from institutional players. This signals growing confidence in the bullish setup. Sustained volume above the average line can further validate upward movement.
________________________________________
📌 Technical Indicators
• Bullish Momentum: Indicates strong buying interest
• MACD Crossover: Bullish alignment, suggesting positive short- to medium-term trend
• Bollinger Band Breakout: Suggests increased volatility and directional bias
• BB Squeeze On-Compression: Points to low volatility preparing for a breakout
These indicators working together reinforce the possibility of a bullish phase if resistance is cleared with strength.
________________________________________
📌 Trade Setup
• Entry Price: ₹1716.10
• Stop Loss: ₹1637.25
• Risk: ₹78.85
• Potential Upside Levels: ₹1873, ₹1952, ₹2031, ₹2110, ₹2189
• Risk-Reward: Over 1:2+ potential
________________________________________
📌 What Could Go Wrong? (Risk Factors)
• If the stock fails to sustain above ₹1716 and slips below ₹1637, the breakout may turn out to be a false move.
• The stock may also retest the breakout level (₹1716) or consolidate further before moving up.
• Watch for volume confirmation and ensure price closes strongly above resistance.
________________________________________
📌 What to Expect Next?
If the bullish momentum continues and price holds above ₹1716 with strong volume, the stock may head toward ₹1873 and beyond.
In case of a pullback, it may revisit ₹1637–₹1650 levels, which can act as a re-entry opportunity if bullish signals persist.
________________________________________
📌 Final Words for Beginners
This is a classic technical breakout setup forming after consolidation. Breakouts from symmetrical triangles are often followed by trending moves when supported by strong volume and technical confirmation. However, always respect your stop-loss and avoid emotional decisions. Patience and risk management are keys to successful trading.
✨ Remember: A disciplined approach beats random predictions every time.
________________________________________
📌 Disclaimer
• This analysis is for educational purposes only.
• It does not constitute investment advice or a buy/sell recommendation.
• Trading involves risk and should be done after proper research.
• Consult a SEBI-registered financial advisor before taking any position.
• The author is not SEBI-registered and holds no liability for your trades.
________________________________________
👇 What’s Your View on HCLTECH?
• Is this breakout real or a trap?
• Will the stock hold above ₹1716 and continue higher?
• Share your chart insights and analysis in the comments!
________________________________________
🚀 Found this helpful? Hit that 🔼 Boost button and help fellow traders spot the move!
________________________________________
🧠 Trade with Patience. Trade with Confidence.
🔔 Follow simpletradewithpatience for daily chart breakdowns and setup ideas!
________________________________________
📈 HCL Technologies Ltd (HCLTECH) – TECHNICAL ANALYSIS
📆 Date: June 11, 2025
🔍 Timeframe: Daily
________________________________________
📌 Overall View: Symmetrical Triangle Breakout Attempt with Momentum
HCL Technologies is showing signs of bullish momentum as it attempts a breakout from a symmetrical triangle pattern. The stock recently tested the upper boundary of the triangle and is challenging a key resistance zone near ₹1716. While the stock closed just below the resistance today, the strong bullish candle, above-average volume, and multiple indicator confirmations hint at a potential breakout continuation in the coming sessions.
________________________________________
📌 Price Movement and Trend
Price action over the last few weeks reveals a consolidation phase after a steady uptrend from the April lows. The recent sessions formed a converging triangle, with buyers stepping in near higher lows. Today's candle shows a breakout attempt, with the price testing the resistance but closing slightly below it. Nonetheless, this is a sign of aggressive buying interest and indicates a possible continuation if follow-up volume and price strength are observed.
________________________________________
📌 Chart Pattern
Symmetrical Triangle Formation: This pattern suggests a temporary consolidation before a decisive move.
Breakout Attempt: Today's candle signals a move beyond the upper triangle resistance.
Volume Confirmation: Above-average volume adds weight to the breakout move.
Momentum Indicators: Price action is supported by bullish indicators, confirming trend strength.
________________________________________
📌 Support and Resistance
Immediate Resistance: ₹1716 (key breakout level being tested)
Next Upside Levels: ₹1873, ₹1952, ₹2031, ₹2110, ₹2189
Strong Support: ₹1637 (Stop-Loss), followed by ₹1302 (Major Support)
Upside Potential: If ₹1716 is crossed decisively, the stock could unlock significant upside potential in the coming weeks.
________________________________________
📌 Volume Analysis: Bullish Bias Confirmed
The breakout attempt comes with above-average volume, which is an important confirming signal. A surge in volume during or before a breakout implies active interest from institutional players. This signals growing confidence in the bullish setup. Sustained volume above the average line can further validate upward movement.
________________________________________
📌 Technical Indicators
• Bullish Momentum: Indicates strong buying interest
• MACD Crossover: Bullish alignment, suggesting positive short- to medium-term trend
• Bollinger Band Breakout: Suggests increased volatility and directional bias
• BB Squeeze On-Compression: Points to low volatility preparing for a breakout
These indicators working together reinforce the possibility of a bullish phase if resistance is cleared with strength.
________________________________________
📌 Trade Setup
• Entry Price: ₹1716.10
• Stop Loss: ₹1637.25
• Risk: ₹78.85
• Potential Upside Levels: ₹1873, ₹1952, ₹2031, ₹2110, ₹2189
• Risk-Reward: Over 1:2+ potential
________________________________________
📌 What Could Go Wrong? (Risk Factors)
• If the stock fails to sustain above ₹1716 and slips below ₹1637, the breakout may turn out to be a false move.
• The stock may also retest the breakout level (₹1716) or consolidate further before moving up.
• Watch for volume confirmation and ensure price closes strongly above resistance.
________________________________________
📌 What to Expect Next?
If the bullish momentum continues and price holds above ₹1716 with strong volume, the stock may head toward ₹1873 and beyond.
In case of a pullback, it may revisit ₹1637–₹1650 levels, which can act as a re-entry opportunity if bullish signals persist.
________________________________________
📌 Final Words for Beginners
This is a classic technical breakout setup forming after consolidation. Breakouts from symmetrical triangles are often followed by trending moves when supported by strong volume and technical confirmation. However, always respect your stop-loss and avoid emotional decisions. Patience and risk management are keys to successful trading.
✨ Remember: A disciplined approach beats random predictions every time.
________________________________________
📌 Disclaimer
• This analysis is for educational purposes only.
• It does not constitute investment advice or a buy/sell recommendation.
• Trading involves risk and should be done after proper research.
• Consult a SEBI-registered financial advisor before taking any position.
• The author is not SEBI-registered and holds no liability for your trades.
________________________________________
👇 What’s Your View on HCLTECH?
• Is this breakout real or a trap?
• Will the stock hold above ₹1716 and continue higher?
• Share your chart insights and analysis in the comments!
________________________________________
🚀 Found this helpful? Hit that 🔼 Boost button and help fellow traders spot the move!
________________________________________
🧠 Trade with Patience. Trade with Confidence.
🔔 Follow simpletradewithpatience for daily chart breakdowns and setup ideas!
________________________________________
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.