Log-in To HCL Technologies

After a scary drop on June 20, the stock has recovered ground swiftly. The stock is in an uptrend and any dip to support would therefore be a buying opportunity.

From the attached daily chart, the breakout above the red trendline is apparent. Any fall now, either to the lower blue line or the red line, would be a buying opportunity.

Long positions may be considered in the Rs.490 – 497 range, with a stop loss at Rs.475. The target for the long trade would be Rs.540.


Leave a Reply

Your email address will not be published. Required fields are marked *