HCLTECH Weekly Outlook and Analysis:
For the Week: (May 10,2021 – May 14,2021)
BSE: 532281 | NSE: HCL TECH | ISIN: INE860A01027| SECTOR: I.T.
The stock closed the Weekly on a positive note gaining +1.94%.
HCL Tech Share Price: 916.40 (NSE)
Weekly High: 923.90
Weekly Low: 891.00
Weekly Range: 32.90 Points
Weekly Support & Resistance For HCL TECH:
Technically on the daily charts, EquityPandit’s Analyst sees: Minor support on the downside lies at 875 levels, Minor resistance on the upside is capped around 1047 levels.
If stock breaches minor support on the downside and closes below it we may see a fresh break down and stock can drag towards Major Support on the lower side @ 849 and If stock breaches minor resistance on the upside and closes above it we may see a fresh breakout and stock can head towards Major Resistances Level @ 1075.
Stock is trading above 200 days exponential moving average, which suggests the long term trend is bullish. EquityPandit predicts the range for the Weekly as 1100 on the upside and 800 on the downside.
HCL Technologies Ltd. After see the resistance stock came down but moving on-trend, it has a support level of 900-850 and next few days stock come on a new high.