📉 HCL Tech – Breakdown from Rising Channel; Retesting Key Support

🔸 Trend Context ⚠️ Broke down from long-term ascending channel Retesting support zone near ₹1,600–1,575 Lower high pattern developing below ₹1,698 resistance 🔸 Price Action ✅ Previous support at ₹1,575 held strong in June ❌ Reversal attempt failed at ₹1,698 zone 🔻 Momentum softening with rejection from upper zone 🔸 Key Levels Resistance: ₹1,698 / ₹2,010 Support: ₹1,575 and major at ₹1,338 Sustained close below ₹1,575 = weakness revival 🔸 Technical Outlook Breakdown is visible, but no aggressive sell-off yet Watch for confirmation below ₹1,575 for downside continuation Only strength above ₹1,698 can negate the bearish tone 📢 Disclaimer: This is for informational purposes only. Nothing herein constitutes a buy or sell recommendation. 🧑‍💼 Rajneesh Sharma is a SEBI-registered Research Analyst (Reg. No. INH000020332). 📄 Investments are subject to market risks. Read all related documents carefully before investing.