"AI की लहर में HCLTECH: गिरावट से उड़ान भरने को तैयार!"

Technical Analysis

HCLTECH's current share price is around ₹1,460-1,533, trading below all key moving averages (MA5: ₹1,472, MA20: ₹1,495, MA50: ₹1,518, MA200: ₹1,603), signaling strong selling pressure. RSI(14) at 19.27 is oversold, STOCHRSI at 12.82 oversold, MACD at -14.28 shows selling momentum, while ADX above 69 confirms a strong downtrend. Support levels at ₹1,457-1,461 (pivot-based), resistance at ₹1,470-1,475; potential upside breakout, but short-term bearish. Reasons for Continuous Decline 18% drop in the past year mainly due to Q1FY26 profit down 3% YoY, EBIT margin contraction to 16.3% (utilization drop, AI training investments, client bankruptcy). Recent 4-day losing streak: 11.76% down amid sector pressure and margin headwinds. AI Impact AI investments (OpenAI partnership, Agentic AI Force 2.0) caused short-term margin pressure (training costs), but long-term positive—$100M AI revenue, AI-led deal growth (e.g., $473M retailer deal). Brokerages bullish: Nomura Buy TP ₹1,660, Jefferies Buy TP ₹1,730, citing AI services focus. Further downside risk low if AI adoption accelerates; position building viable at current oversold levels (₹1,460 support). Recent News Events February 2026 investor meets: Nuvama India Conference (9-11 Feb), Kotak Chasing Growth (23-26 Feb), IIFL Enterprising India (24-26 Feb)—no price-sensitive info. Q3FY26 strong bookings and AI partnerships (Zscaler, GSMA, DIB) positive impact.