HCL Tech Outlook for the Week (Aug 03,2020 – Aug 07,2020)

For the Week: (Aug 03,2020– Aug 07,2020).

ISIN: INE860A01027

HCL Technologies Ltd. Anticipated up move witnessed to increase underlying bullish sense. Technically stock looks strong.In previous breakout in channel pattern development in weekly chart bow provide a good assistance to the stock to move up.

HCL Technologies Ltd. Anticipated up move experienced to increase underlying bullish sense. Technically stock looks strong.In previous breakout in channel pattern formation in weekly chart bow provide an excellent support to the stock to move upward.

SUPPORT 1.
675.

SECTOR: I.T.

HCLTECH Weekly Support & & Resistance Levels:.

RESISTANCE 2.
735.

If stock breaches minor support on the drawback and closes below it we may see fresh break down and stock can drag towards Major Support on lower side @ 660 and If stock breaches minor resistance on the advantage and closes above it we might see fresh breakout and stock can head towards Major Resistances Level @ 735.

Week High: 716.70.

HCL Tech Share Price: 705.20 (NSE).

Stock closed the week on positive note gaining +3.71%.

Stock is trading above 200 days rapid moving average, suggests long term trend is bullish. EquityPandit forecasts range for the week as 740 on upside and 650 on drawback.

SUPPORT 2.
660.

RESISTANCE 1.
717.

Week Range: 40.20 Points?Technically on the day-to-day charts EquityPandits Analyst see: Minor assistance on the drawback lies at 675 levels, Minor resistance on the benefit is capped around 717 levels.

Week Low: 676.50.