Signals, Powered By EquityPandit
HCLTECH Weekly Outlook and Analysis:
For the Week: (Jan 17,2022 – Jan 21,2022)
BSE: 532281 | NSE: HCLTECH | ISIN: INE860A01027| SECTOR: I.T.
Stock closed the Weekly on Positive Note Gaining 3.61%
HCL Tech Share Price: 1337.20
Weekly High: 1359.40
Weekly Low: 1280
Weekly Range: 79.40 Points
Weekly Support & Resistance For HCLTECH:
| RESISTANCE 2 | 1405 |
| RESISTANCE 1 | 1370 |
| SUPPORT 1 | 1290 |
| SUPPORT 2 | 1245 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 1290 levels, Minor resistance on the upside is capped around 1370 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 @ 1245 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 @ 1405
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the Weekly as 1405 on upside and 1245 on downside.
