HCL Tech has shown the formation of a Bullish Price Channel.The Scrip has the potential to reach price levels of 447 in a week`s time. The Stop Loss should be exercised strictly at 420, considering the range bound nature of the markets.
Also, the chart has shown the formation of a long term Price Channel which shows a possibility of the scrip to see price levels of 460.This is for the long term , with a stop loss at 400. This trend would be confirmed with achievement of the above intermediate call, which can be used to partially book profits or an entry point for those who missed the call at the CMP
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