EquityPandit’s Outlook for HCL Tech for the week (June 15, 2020 – June 19, 2020)

HCL TECHNOLOGIES:

BSE: 532281 | NSE: HCLTECH | ISIN: INE860A01027| SECTOR: I.T.

Stock closed the week on negative note losing -0.90%.

Week High: 587.50

Week Low: 555.20

Week Range: 32.30 Points

HCL Technologies Ltd.

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 522 levels, Minor resistance on the upside is capped around 588 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 @ 508 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 @ 602.

Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the week as 610 on upside and 500 on downside.

WEEKLY PIVOT LEVELS: