EquityPandit’s Outlook for HCL Tech for the week  (Nov 13, 2017 – Nov 17, 2017) :

HCL TECHNOLOGIES:

HCL Tech closed the week on positive note gaining around 2.40%.

As we have mentioned last week, that resistance for the stock lies in the zone of 855 to 860. Resistance for the stock lies in the zone of 875 to 880 where short and medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 885 to 895 where Fibonacci levels are lying. During the week the stock manages to hit a high of 888 and close the week around the levels of 867.

Support for the stock lies in the zone of 855 to 860 where 200 daily moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 840 to 845 where the stock has taken multiple support.

Resistance for the stock lies in the zone of 875 to 880 where short and medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 885 to 895 where Fibonacci levels are lying.

Broad range for the stock in the coming week is seen between 840 to 850 on downside & 890 to 900 on upside.