HCL Technologies Limited

• 13 January, 2025 Ruchit Thakur

HCL Technologies Limited

HCL Technologies Limited continues to grow and break records, it appears to be a prudent long-term investment.

Please read over and understand HCL Technologies Limited's daily chart. According to the chart, HCL Technologies Limited, which has so far shown remarkable performance, is a prudent investment in the 1980-2000 zone, which it enters at any drop. It also offers a lot of chances for development.

Please see the daily chart for HCL Technologies Limited. The stock is currently rising quickly and trading above horizontal resistance after leaving the 1980-2000 range. According to the report, there is currently a significant demand at 2000 levels. The chart below shows the expected upward open range, which is between 2250 and 2300.

• HCL Technologies Limited expanded after making a significant breakthrough in the 1980-2000 zone and is currently a great long-term investment potential.
• HCL Technologies Limited might be able to grow and accomplish its goals between 2250 and 2300 because of its advantageous location.
• Because the risk-reward ratio is appropriate for cash transactions, the optimum moment to buy the stock is right now, when it is between 1980 and 2000.
• The chart shows that the stock is coming out of an ascending triangle formation, with a target price of 2250 to 2300.

The HCL Technologies Limited daily chart is attached. The daily chart displays demand between 1980 and 2000, where an upward breakthrough and horizontal resistance are present. The stock price reflects the increasing demand.

It looks like a decent moment to purchase the stock at the current price given its recent peak. Watch for the horizontal resistance to break as a result. As of this writing, the demand has increased and could possibly go close to the 2250-2300 range that was expected.  

HCL Technologies Limited's current goals fall between 2250 and 2300. The rising triangle served as the structural cornerstone of the organization. The rising triangle is an often used chart pattern in technical analysis. Price fluctuations at the swing high and low result in a rising trend line and a horizontal line, respectively. Between these two lines, a triangle is formed.

Given the strong demand for the stock, investors might be searching for long-term buying opportunities in the 1980-2000 range. During market downturns, this company's value should increase due to its exceptional risk-reward profile. Don't miss the opportunity to buy this stock. Invest in this business; even during recessions, it has a lot of potential. 

Rich investors can purchase as much stock as they require, try to sell it between 2250 and 2300, and put a stop loss at roughly 1920.

The stock or instrument may climb quickly on the upside with heavy volume and surpass the goal if there is no price movement prior to a discernible increase. Traders and investors are still interested in the volatility contraction patterns, or VCPs. To discover more about VCP patterns, visit our website or download the FxCareers app from the Google Play Store. We also provide precise pattern identification.

The daily chart of HCL Technologies Limited shows both resistance and support. The spot chart displays each level. 

Company Profile: Based in Noida, Uttar Pradesh, HCL Technologies Limited is a multinational Indian information technology (IT) consulting firm. Shiv Nadar founded it, and when HCL ventured into the software services industry in 1991, it branched out. The corporation employs more than 220,000 people and has operations in 59 countries.

Under the direction of Shiv Nadar, a team of eight engineers who had previously worked for Delhi Cloth & General Mills founded a business in 1976 to produce personal computers. Nadar and his team, which comprised Arjun Malhotra, Ajai Chowdhry, D.S. Puri, Yogesh Vaidya, and Subhash Arora, first floated as Microcomp Limited. In order to raise money for their primary product, they began selling teledigital calculators. The business changed its name to Hindustan Computers Limited (HCL) on August 11, 1976. HCL Enterprise created a client-server architecture, networking operating system, and RDBMS in 1983 after developing an indigenous microcomputer in 1978. HCL Technologies started out as HCL Enterprise's research and development branch.

Disclaimer: This expression is commonly used to convey that the content or material being seen is solely for educational reasons and should not be utilized for anything else. This example is just for educational purposes and should not be used commercially.