Hello !!

Good Morning !! Welcome to the quick update of HCL Technologies. HCL being an IT company has good long-term prospects with interesting technicals and fundamentals. As of now, it is moving in a descending triangle and is trying to break out.

We can consider adding some HCL to your portfolio for long-term prospects. Once it breaks the falling wedge, it will be ready for the next move up. The expected range if we consider to buy should be between Rs 1080 to Rs 1110 only if it breaks the Rs 1100 mark and retests before shooting further higher.

The expected target in the next quarter will be around Rs 1190 to Rs 1362. Please wait for the right moment to enter this trade. I will update this thread constantly if the breakout happens and we can add this to our portfolio for the long term.

This is not financial advice, please do your own research before investing and we are not responsible for any of your losses or profits.

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