2025-05-09 11:38:37 am | Source: Religare Broking Ltd
Stock of the day : HCL Technologies Ltd For Target Rs. 1680 - Religare Broking Ltd
HCL Technologies Ltd
Buy HCL Technologies Ltd CMP 1580.70 Range 1578-1582 SL 1530 Target 1680
* The IT pack is showing notable resilience against the boarder market volatility, with Hcltech maintaining the similar structure.
* The stock has formed a small base above its short term moving average and gap support.
* The recent recovery after retesting its 200 WEMA resulted into a descending trendline breakout, adding further confirmation to the positive bias.
* Traders can consider longs in the mentioned range.
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