EquityPandit’s Outlook for HCL Tech for the week (July 23, 2018 – July 27, 2018) : 

HCL TECHNOLOGIES:

HCL Tech closed the week on positive note gaining around 1.60%.

As we have mentioned last week, that support for the stock lies in the zone of 960 to 970 where Fibonacci levels and medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 920 to 930 where short and long term moving averages are lying. During the week the stock manages to hit a low of 969 and close the week around the levels of 999.

Support for the stock lies in the zone of 960 to 970 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 920 to 930 where short and long term moving averages are lying.

Resistance for the stock lies in the zone of 1000 to 1020 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 1050 to 1060 where Fibonacci levels are lying.

Broad range for the stock in the coming week is seen between 950 to 970 on downside & 1030 to 1050 on upside.