The stock is looking good on long term charts. It's been a breakout this month and after staying in the range of 1,100-900 for one year, it reached the new life time high level. Now it can go up to Rs 1,300. If it continues to be above 1,100 rupees, then the positive momentum will remain intact. Mohammed said, "Possessional traders can now invest in reaching...
The stock near an important level which has acted as support for some time now.
A break and close below 635 may lead to further fall up to 882 levels.
Alternatively one may consider the following strategy
Sell HCL TECH Jan expiry
660 CALL OPTION
Lot size 700
The strategy has a max profit potential of Rs 15400 if HCL closes...