HCLTECH Weekly Outlook and Analysis:
For the Week: (July 25, 2022 – July 29, 2022)
BSE: 532281 | NSE: HCLTECH | ISIN: INE860A01027| SECTOR: I.T.
Stock closed the Weekly on Positive Note gaining 4.20%
HCL Tech Share Price: 920.25
Weekly High: 931.90
Weekly Low: 885
Weekly Range: 37.10 Points
Weekly Support & Resistance For HCLTECH:
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 893 levels, Minor resistance on the upside is capped around 939 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 @ 866 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 @ 958
Stock is trading below 200 days exponential moving average, suggests long term trend is bearish. EquityPandit predicts range for the Weekly as 958 on upside and 866 on downside.