HCLTECH - Technical Analysis

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

Technical Rating: 2.9

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

📊 Trend Analysis

Current Price: ₹1,472 is below both the 50-DMA (₹1,614) and 200-DMA (₹1,647), signaling a short-term and medium-term downtrend.

RSI (21.9): Deep in oversold territory, indicating potential for a technical bounce but also confirming weak momentum.

MACD (-53.7): Strong bearish crossover, reinforcing the downward pressure.

Volume: High volume (64.7L) compared to 1-week average (44.1L) suggests panic selling or institutional exit.

📈 Chart Patterns & Indicators

Moving Averages

Price below both DMAs → Bearish bias

No signs of crossover → No reversal confirmation

Bollinger Bands: Price likely hugging the lower band, suggesting oversold conditions and possible short-term bounce.

Support Levels

Immediate support at ₹1,450–₹1,460 (recent intraday lows)

Major support at ₹1,303 (52-week low)

Resistance Levels

Immediate resistance at ₹1,500–₹1,520 (psychological + minor swing)

Major resistance at ₹1,600–₹1,620 (DMA cluster)

🚦 Momentum Signals

Short-Term Signal: Bearish, but oversold

Trend Status: Reversing from previous highs, currently in downtrend

Volume Trend: Spike in volume confirms strong selling pressure

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Buy Zone 1,450–1,470 Oversold setup, near support

Breakout Buy Above 1,520 Confirmation of bounce

Exit Zone 1,600–1,620 Resistance zone, profit booking

Stop Loss Below 1,430 Breach of key support

🧠 Final Take

HCLTECH is currently in a downtrend, with strong bearish indicators and oversold momentum. Fundamentals remain robust (high ROCE/ROE, strong dividend yield), but technicals suggest caution. A bounce from ₹1,450 is possible, but confirmation above ₹1,520 is needed for a reversal. Until then, expect continued weakness or sideways movement.

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