EquityPandit’s Outlook for HCL Tech for the week (September 07, 2015 – September 11, 2015):

HCL TECHNOLOGIES:

HCL Technologies (NSE: HCLTECH) closed the week on negative note more than 1%.

The stock has been trading around the strong support zone of 930 where 100 Daily SMA is positioned.

If the stock breaks below the levels of 930 the stock can move to the levels of 900 where 200 Daily SMA is positioned.

If the stock manages to close above the levels of 960 the stock can move to the levels of 1000 where upward moving trend-line is positioned.

Broad range for the stock in the coming week is seen between 900 to 910 on downside to 980 to 1000 on upside.