HCL Tech

HCL Tech is trading within an ascending channel, indicating a bullish trend with support near ₹1838 (50-day MA) and resistance around ₹1950-1960. The RSI at 62.58 shows strong momentum without being overbought, while the MACD indicates continued upward movement. Traders can consider buying on a breakout above ₹1960 with targets of ₹2000-2050, or on pullbacks near ₹1838, with a target of ₹1920-1960 and a stop loss at ₹1810. A bearish trade is advisable only if the stock breaks below ₹1810, targeting ₹1760-1700. Strong volume during upward moves further supports bullish sentiment, but adherence to stop-loss levels is essential to manage risks.