Currently the stock has discounted 14% from all time high levels.

HCL (Daily):
1. Stock constantly took support at major demand zone around 1098 levels
2. Stock is making Double Bottom
3. Positive crossover of 5, 13 Daily Exponential Moving Average
4. Bounced back from 200 Days Exponential Moving Average
5. Good buying volumes

View Point:
1. If the stock sustains above 1200 (Breakout of Double Bottom), target of 1320 can be seen.

Addl Points:
1. FII/FPI have decreased holdings from 22.30% to 20.43% in Dec 2021 qtr
2. Mutual Funds have increased holdings from 7.84% to 8.95% in Dec 2021 qtr.

1. The above analysis is just for educational purpose.

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