HCL Technologies – Gradual Recovery Phase

is showing signs of a steady recovery after a prolonged correction, with improving price structure and stabilizing momentum. Positive signals Price has rebounded from recent lows and formed a higher base RSI holding above the neutral zone suggests improving strength Deal pipeline visibility remains healthy compared to peers Strong presence in engineering and infrastructure services Stable margins relative to other IT majors Challenges ahead Global IT spending remains cautious, especially in BFSI and retail Currency fluctuations can impact near-term earnings Stock still faces resistance near previous supply zones Street view Analysts see HCL Tech as a relatively defensive IT play with better execution visibility. The recovery is expected to be gradual rather than shar