Signals, Powered By EquityPandit
HCLTECH Weekly Outlook and Analysis:
For the Week: (April 12,2021 – April 16,2021)
BSE: 532281 | NSE: HCLTECH | ISIN: INE860A01027| SECTOR: I.T.
Stock closed the Weekly on positive note gaining +4.27%.
HCL Tech Share Price: 1045.40 (NSE)
Weekly High: 1054.80
Weekly Low: 1002.60
Weekly Range: 52.20 Points
Weekly Support & Resistance For HCLTECH:
| RESISTANCE 2 | 1075 |
| RESISTANCE 1 | 1047 |
| SUPPORT 1 | 875 |
| SUPPORT 2 | 849 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 875 levels, Minor resistance on the upside is capped around 1047 levels.
If stock breaches minor support on the downside and closes below it we may see fresh break down and stock can drag towards Major Support on lower side @ 849 and If stock breaches minor resistance on the upside and closes above it we may see fresh breakout and stock can head towards Major Resistances Level @ 1075.
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the Weekly as 1100 on upside and 800 on downside.
Nifty IT look bullish and HCL tech has seen upside breakout out of range consolidation. We may see further upside rally in the IT Stocks. This opportunity should be used to buy the IT Stocks.
