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Published on 25/04/2019 9:26:33 AM | Source: Religare Securities Ltd

Buy HCL Technologies Ltd For The Target Rs.1190 - Religare Securities

Posted in Broking Firm Views - Short Term Report| #HCL Technologies Ltd #IT Sector #Trading Report #Religare Securities Ltd

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Religare Super Ideas

HCL Technologies Limited (HCLTECH) 

HCLTECH is one of the strongest counter in IT pack, continuously maintaining the uptrend since 2009. Today, i.e. on 24 April, it has posted a fresh breakout from its 3-week long consolidation phase and also made a new record high. The move was supported with strong rise in volume indicating buying interest. Considering all, we advise initiating fresh longs as per the mentioned levels.

Recommendation

Buy HCL Technologies Ltd @ 1130-1135 Stop Loss 1100 Target 1190 CMP 1138.95

 

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