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Technicals for HCL Technologies Limited
By MusingTheNews
2026-02-02 20:36
Overall Technical outlook
Price Summary
On 2026-02-02, HCL Technologies Limited's stock opened at 1670.0, spiked to 1688.5, declined to 1653.6, and closed 0.41% up at 1676.8, with 1916362 shares traded. In the 52-week period, the stock's peak price is 1739.9, and the lowest price recorded is 0.0. As per recommendations from 44 analysts, HCLTECH's future price is expected to span between 1396.0 and 2200.0, with a mean price around 1761.8182.
Technicals
Support and Resistance: The price for HCLTECH at 1676.8 finds support at 1601.1 and resistance at 1688.6. This suggests a trading range, where 1601.1 serves as a support level and 1688.6 acts as a resistance point, potentially capping further gains. Support/Resistance for HCLTECH
Aroon: The AROON is currently in a neutral position, offering no clear indication of movement up or down. This suggests that the market may be experiencing a period of equilibrium, with no strong trend in play. Aroon chart for HCL Technologies Limited
Bol. Bands: The BOLL BANDS is in a neutral stance, not pointing to a clear trend in either direction. This suggests that the market may be lacking strong momentum, making it difficult to predict the next move. Bolinger Bands chart for HCL Technologies Limited
Parabolic SAR: The PSAR for HCLTECH continues to be bullish, establishing a crucial support level that may help maintain the current upward trend. This level of support suggests that the market is poised to continue its positive trajectory, offering a foundation for further growth. Parabolic Stop and Reverse chart for HCL Technologies Limited
Stochastic: The stochastic indicator for HCLTECH reflects the K-line moving below the D-line, though it stays above 80, hinting at the potential beginning of a bearish price move. This setup suggests that the market's strength may be diminishing, with a possible downturn ahead. Traders should be on alert for further bearish confirmation. Stochastic chart for HCL Technologies Limited
Tripple Moving Agerage: The Tripple MOVING AVG is currently neutral, offering no clear guidance on market direction. This suggests that the market may be in a state of pause, with no strong trend emerging. Tripple SMA chart for HCL Technologies Limited
A thorough analysis of a company involves looking at both its fundamentals and technical data. The fundamentals, including revenue, profitability, and management quality, offer insight into the company's long-term value. Additionally, understanding the broader industry context, such as market competition and regulatory challenges, helps to better interpret the company's stock performance. By combining both fundamental and technical analysis, you can derive more meaningful inferences about the company's future prospects.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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