HCLTECH - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.6
| Stock Code | HCLTECH | Market Cap | 3,16,237 Cr. | Current Price | 1,165 ₹ | High / Low | 1,780 ₹ |
| Stock P/E | 25.3 | Book Value | 95.4 ₹ | Dividend Yield | 4.63 % | ROCE | 53.9 % |
| ROE | 41.0 % | Face Value | 2.00 ₹ | DMA 50 | 1,275 ₹ | DMA 200 | 1,454 ₹ |
| Chg in FII Hold | -0.70 % | Chg in DII Hold | 0.58 % | PAT Qtr | 4,833 Cr. | PAT Prev Qtr | 3,682 Cr. |
| RSI | 37.1 | MACD | -38.6 | Volume | 10,88,682 | Avg Vol 1Wk | 17,13,264 |
| Low price | 1,103 ₹ | High price | 1,780 ₹ | PEG Ratio | 7.24 | Debt to equity | 0.04 |
| 52w Index | 9.15 % | Qtr Profit Var | 58.7 % | EPS | 28.1 ₹ | Industry PE | 21.0 |
📈 Chart Patterns: HCLTECH is trading close to its support zone (₹1,103–₹1,165). The price action shows weakness with repeated failures to cross resistance at ₹1,275 (DMA 50).
📊 Moving Averages: Current price (₹1,165) is below both DMA 50 (₹1,275) and DMA 200 (₹1,454), confirming bearish momentum.
📉 RSI: At 37.1, RSI is near oversold territory, suggesting possible short-term bounce but overall weak momentum.
📉 MACD: Negative at -38.6, showing bearish crossover and continuation of downward trend.
📉 Bollinger Bands: Price is near the lower band, indicating oversold conditions but also risk of breakdown if support fails.
📊 Volume Trends: Current volume (10.9L) is below average weekly volume (17.1L), reflecting reduced participation and weak buying interest.
⚡ Short-Term Momentum Signals: Weak momentum with bearish bias. A rebound may occur if RSI dips further into oversold territory.
🎯 Entry Zone: ₹1,120–₹1,165 (support region).
🎯 Exit Zone: ₹1,275–₹1,300 (resistance at DMA 50).
🔀 Trend Status: Consolidating with bearish undertone; reversal possible only if price sustains above ₹1,275.
Positive
- Strong ROCE (53.9%) and ROE (41%) highlight efficient capital usage.
- Dividend yield of 4.63% provides steady income stream.
- Quarterly PAT growth of 58.7% shows robust earnings momentum.
Limitation
- Price trading below DMA 50 and DMA 200 signals weakness.
- High PEG ratio (7.24) suggests overvaluation relative to growth.
- Decline in FII holding (-0.70%) shows reduced foreign investor confidence.
Company Negative News
- Weak technical setup with RSI and MACD showing bearish signals.
- Falling volumes indicate lack of strong institutional support.
Company Positive News
- Quarterly PAT surged from ₹3,682 Cr. to ₹4,833 Cr.
- EPS at ₹28.1 remains strong compared to peers.
- DII holdings increased (+0.58%), showing domestic investor confidence.
Industry
- Industry PE at 21.0 vs. HCLTECH PE at 25.3 indicates slight premium valuation.
- IT sector faces global demand slowdown but long-term digital transformation tailwinds remain intact.
Conclusion
HCLTECH is consolidating with bearish undertones. Short-term traders may consider entry near ₹1,120–₹1,165 with exit around ₹1,275–₹1,300. Long-term investors should monitor earnings sustainability and sector demand recovery before fresh accumulation.
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