This chart illustrates a technical analysis of HCL Technologies Ltd. using a daily Heikin Ashi candlestick pattern. The price appears to be forming a 'cup and handle' pattern, which is considered bullish. The breakout above the resistance level of approximately ₹1,900 indicates the potential for an upward price movement. Based on this analysis, a target of 9% is anticipated over the next 2–3 months, aligning with the pattern's projected trajectory. The chart also features 30-day and 120-day SMA lines, reinforcing the bullish trend.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.