Positional call – Buy HCLTECH above 760 sl 710 target 850-920

1-2 month holding.

Research report – HCL TECH have many times taken support at its 100SMA levels, and still trading above this level, its indicate that stock is in long term uptrend still.

this chart also has form symmetric triangle pattern and within week time it about to produce any breakout now. one more positive bar above 760 level can confirm the breakout and movement of upside.

when previously made low of 675 level that time RSI has created positive divergence signal but after that time price was roaming in between triangle only.

so over all study and development of technical indicator give us output as if stock able to give one positive close or green bar above 760 level soon then this can be upside breakout in stock.