EquityPandit’s Outlook for HCL Tech for the week (April 01, 2019 – April 05, 2019):
HCL Technologies Ltd.
BSE: 532281 | NSE: HCLTECH | ISIN: INE860A01027| SECTOR: I.T.
Stock closed the week on positive note gaining +6.05%
Week High: 1088.00
Week Low: 1016.20
Week Range: 71.80 Points
Technically on the daily charts EquitPandit’s analyst see minor support on the downside for HCLTECH at 1060- 1065 levels, whereas minor resistance on the upside is capped around 1095- 1100 levels.
If HCLTECH breaches minor support on the downside and closes below it we may see fresh breakdown and stock may drag towards next major support levels lower side around 1040- 1030, if HCLTECH breaches minor resistance levels on the upside and closes above it we may see fresh breakout and stock can head towards major resistance levels placed around 1125- 1130
Currently trend for the stock is trading in bullish trend as trading above 200 days exponential moving averages. EquityPandit predicts HCLTECH range for the week is seen from 1125- 1130 on upside & 1040- 1030 on downside.