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19-08-2024 11:35 AM | Source: Religare Broking
Stock of the day : HCL Technologies Ltd For Target Rs. 1770 - Religare Broking

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HCL Technologies Ltd

* We are seeing noticeable traction in the IT pack and HCLTECH is also holding strong.

* The stock has been in a steady uptrend from last few months after it rebounded from the neckline of its previous resistance zone.

* It has also registered a breakout from cup and handle pattern on daily chart suggesting renewed buying interest.

* We thus recommend creating fresh longs in the mentioned range.

 

Buy HCL Technologies Ltd CMP 1668.25 Range 1665-1670 SL 1620 Target 1770

 

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