HCL TECH stock daily chart analysis
HCL TECH stock on last trading session closed at 1440 with gain. On daily chart, stock price trend and momentum both are bullish. From short-term view, HCL TECH stock support zones are 1378 and below it 1310. Above 1378 traders, keep buy on dips view for targets 1510 and then 1590. Daily chart indicators pattern is suggesting bottom out stage for this corrective rally.
HCL TECH stock weekly chart analysis
HCL TECH stock this week closed with gain. This was third positive weekly closing for stock. Weekly chart stock price trend and momentum both are bullish. From medium term view, 1260 and 1010 are strong support zones on downside. 1260 rupee is major average level and above it, investors must keep buy and accumulate strategy for medium term. On upside 1515 and then 1765 are strong resistances as well as targets for next 5 to 12 months period. Weekly chart indicators pattern are bullish and suggesting upside for prices in medium terms.
HCL TECH stock monthly chart analysis
HCL TECH stock in last 6 months had given 38% returns to investors and outperforming the markets. By valuation and fundamentally stock is good investment from long-term view but at appropriate level. For 2014, stock will remain bullish above 1100-rupee level. Targets are 1540, which is already achieved and now showing correction and consolidation phase. Next target is 1980 rupee, which is expected in next 12 to 24 months. 670 rupee was best buy zone, which was lasts seen in 2011 while 200-250 rupee was undervalued zone, which was last seen in 2009.
HCL TECH company description
HCL Technologies Limited (HCL) is a global technology company. The Company’s operations consist of providing Software services, infrastructure services, including sale of networking equipment and business processing outsourcing services, which are in the nature of customer contact centers and technical help desks. HCL is a provider of business transformation, enterprise and custom applications, infrastructure management, business process outsourcing (BPO), and engineering services. The Company delivers solutions across a range of verticals, such as financial services, manufacturing, consumer services, public services and healthcare. The principal geographical segments include America, Europe and others. During the fiscal year ended June 30, 2011 (fiscal 2011), the Company sold certain portion of its Telecom Expense Management Services business. In March 2013, it divested its entire (49%) stake in NEC HCL System Technologies (NHST).
HCL TECH stock fundamental ratios
|Range||1,415.60 – 1,455.00|
|52 week||672.95 – 1,590.00|