Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions.
Taking a wider lens on HCL Technologies Limited at 1558.2 as of March 19, 2025, the stocks got a story of retreat to tell. Its down 22.56% from its 52-week high of 2012.2 in January, but still 26.17% above its June low of 1235a correction in a longer uptrend. The last five days show a 15.75-point slip from the March 11 high, with a brief drop to 1507.1 on March 12no big gaps, just a slow bleed. The RSIs soft stance hints at bearish control without hitting oversold, while the Stochastic %K and Williams Percent Range suggest its close to a bottommaybe a bounce soon The MACDs negative lean and the Awesome Oscillators deep dive confirm the downtrend, with the CCI echoing this weakness. Price is below the SMA 20 and EMA 20, and its testing the SMA 10 at 1554.77lose that, and the EMA 50 at 1685.21 feels miles away as resistance. Supports stacking up near 1530.65, the recent low, with 1507.1 as the next line if it cracksbuyers might step in there. Resistance at 1560.95, todays high, is the first hurdlebreak it, and 1600 could be on the table. The ADXs high reading shouts a strong trend, and its bearish for now, while the ATRs steady drop says volatilitys low. Delivery percentages, peaking at 63.38% on March 11, show some holding power. Traders could buy 1530 on a bounce or short a break below toward 1500, but watch for oversold signals to flip the script.