HCLTECH is testing the resolve of its long-term consolidators. Despite a record $3B deal win this quarter and high-profile AI partnerships, margin pressures have kept the stock in a tight range.
My decisive zone is 1356-1376.
A breakout above 1376 opens the doors to 1407,
while a break below 1356 could see us testing the recent 52-week lows near 1326.
High dividend yield (4.4%) provides a safety net, but the trend remains neutral-to-bearish until 1376 is cleared.
Study valid for 1-4 trading days.
My decisive zone is 1356-1376.
A breakout above 1376 opens the doors to 1407,
while a break below 1356 could see us testing the recent 52-week lows near 1326.
High dividend yield (4.4%) provides a safety net, but the trend remains neutral-to-bearish until 1376 is cleared.
Study valid for 1-4 trading days.
Order cancelled
simply stuck in range, for 4 days
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Disclaimer
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.