HCLTECH - IntraDay Trade Analysis

Last Updated Time : 02 Aug 25, 12:58 am

📉 Intraday Trade Analysis – HCL Technologies Ltd. (HCLTECH) IntraDay Trade Rating: 2.5

HCLTECH is currently showing strong bearish momentum and is not an ideal candidate for intraday trading today unless you're targeting a short-side setup. RSI is deeply oversold, MACD is sharply negative, and the stock is trading well below its key moving averages. While fundamentals remain solid, technicals suggest caution.

🔍 Technical Snapshot

RSI (21.9) → Extremely oversold; signals weakness but also potential for a bounce.

MACD (-53.7) → Strongly negative; confirms downtrend.

Volume (64.7L vs Avg 44.1L) → High volume on decline; indicates selling pressure.

Price below DMA50 (₹1,614) and DMA200 (₹1,647) → Bearish structure.

Qtr Profit Var: -9.73% → Mild earnings contraction; not alarming but adds to sentiment drag.

According to DailyBulls' intraday forecast, HCLTECH may continue to fall unless a reversal pattern emerges. ADX shows a strong trend, but RSI and price action suggest bearish conditions

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💸 Intraday Trade Setup

🔧 Trade Component Suggested Price Zone (₹)

Buy Zone ₹1,470 – ₹1,475 (only if reversal signs appear)

Profit Target ₹1,485 – ₹1,495

Stop-Loss Level Below ₹1,460

📍 Entry near ₹1,472 is speculative unless RSI trends above 25 and MACD flattens. Look for bullish reversal patterns like hammer or bullish engulfing near support.

⏱️ If Already Holding Today

Exit for Profit

Target: ₹1,485–₹1,495

Confirmation: RSI > 25, MACD > -50, and volume > 70L with bullish candles.

Exit for Loss Protection

Stop-loss: ₹1,460 or if RSI dips below 20 and MACD steepens downward.

Warning signs: long upper wicks, bearish engulfing, or volume fading below 50L.

🧭 Final Takeaway

HCLTECH is a technically weak intraday candidate today. Unless momentum improves, it’s best approached with tight risk controls or avoided for aggressive trades. If you’re scouting for stronger setups with bullish indicators and high volume, I can surface a few tickers that are heating up. Just say the word and I’ll scan the radar. 🔍📊

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