What is Right time to Buy HCLTech?

We expect HCLtech to get into bull mode above 1020 for the target 1050,1100,1200 and higher levels. Though the short-term chart is showing the bearish view when we view it over a longish time frame we find that it is in a long-term bullish grip. You can check our short term delivery tips and can consider starting making money by holding the stock for few days.

One can hold the stock with a stop loss of Rs 910.

Below is the quarterly chart for HCLtech stock.

Below is Past One Year or so HCLtech stock chart

Numbers from the quarterly results of IT companies indicate a positive outlook for the sector. The companies' valuations are expensive, but they would make senselooking at their future potential even though there could be short-term aberrations.