We expect HCLtech to get into bull mode above 1020 for the target 1050,1100,1200 and higher levels. Though the short-term chart is showing the bearish view when we view it over a longish time frame we find that it is in a long-term bullish grip. You can check our short term delivery tips and can consider starting making money by holding the stock for few days.
One can hold the stock with a stop loss of Rs 910.
Below is the quarterly chart for HCLtech stock.
Numbers from the quarterly results of IT companies indicate a positive outlook for the sector. The companies' valuations are expensive, but they would make senselooking at their future potential even though there could be short-term aberrations.
Below is Past One Year or so HCLtech stock chart
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