HCLTECH - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.7

Here’s a detailed technical analysis of HCL Technologies Ltd (HCLTECH)

📈 Trend Analysis

Current Price (₹1,494) is slightly below the 50-DMA (₹1,505) and well below the 200-DMA (₹1,595) — indicating a weak technical setup.

52-week Index at 26.9% shows the stock is trading in the lower quartile of its yearly range (₹1,303–₹2,012), suggesting limited recovery from recent lows.

Trend Status: Reversing downward, with signs of base formation but no clear breakout yet.

🔍 Momentum Indicators

RSI (55.0): In the neutral zone, indicating moderate strength but not yet bullish.

MACD (-6.50): Negative — confirms bearish divergence, though flattening may hint at stabilization.

Volume: At 28.27L, above 1-week average (22.37L) — suggests renewed interest, possibly early accumulation.

📊 Chart Patterns & Moving Averages

Price is hovering near the 50-DMA, but still below the 200-DMA — a sign of technical indecision.

Support Levels

₹1,470 (recent swing low)

₹1,420 (psychological support)

₹1,303 (52-week low)

Resistance Levels

₹1,505 (50-DMA)

₹1,595 (200-DMA)

₹1,650–₹1,700 (gap zone and minor resistance)

📉 Bollinger Bands

Price is near the middle band, with bands narrowing — a sign of volatility contraction.

Watch for volume breakout and MACD crossover to confirm directional move.

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Entry 1,470–1,490 Near support zone and swing low

Exit (Short-Term) 1,595–1,650 Resistance zone, potential reversal

Stop Loss 1,420 Below psychological support

🧭 Summary

Trend: Reversing downward

Momentum: Weak, but stabilizing

Volatility: Low, with breakout potential

Strategy: Cautious accumulation near ₹1,470–₹1,490 with target ₹1,595–₹1,650. Watch for RSI climbing above 60 and MACD turning positive for confirmation.

Would you like to compare this setup with other large-cap IT stocks or explore sector rotation strategies within tech?

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