HCLTECH

HCL Tech Outlook for the Week (Oct 11,2021 – Oct 15,2021)

HCLTECH Weekly Outlook and Analysis:

For the Week: (Oct 11,2021 – Oct 15,2021)

BSE: 532281 | NSE: HCLTECH | ISIN: INE860A01027| SECTOR: I.T.

Stock closed the Weekly on positive note gaining +3.80%.

HCL Tech Share Price: 1322.15 (NSE)

Weekly High: 1338.00

Weekly Low: 1262.20

Weekly Range: 75.80 Points


Weekly Support & Resistance For HCLTECH:

RESISTANCE 21500
RESISTANCE 11450
SUPPORT 11240
SUPPORT 21199

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 1240 levels, Minor resistance on the upside is capped around 1450 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 @ 1199 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 @ 1500.

Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the Weekly as 1550 on upside and 1150 on downside.

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