HCL Technologies Limited (Weekly Chart)

Recovery Toward Lifetime Highs

After a deep correction to ₹1,320, the stock has undergone a V-shaped recovery. It is currently consolidating just below a minor resistance zone, preparing for a larger move. Resistance: The primary target/resistance is the previous high at ₹2,012. Support: The zone between ₹1,560 and ₹1,600 acts as a strong floor for the stock. Trading at ₹1,698, the stock looks fundamentally and technically strong on the weekly time frame. The gradual upward slope indicates steady accumulation by institutional investors. A breakout above ₹1,720 would likely trigger a rally toward the ₹2,000 level.