This chart illustrates a technical analysis of HCL Technologies Ltd. using a daily Heikin Ashi candlestick pattern. The price appears to be forming a 'cup and handle' pattern, which is considered bullish. The breakout above the resistance level of approximately ₹1,900 indicates the potential for an upward price movement. Based on this analysis, a target of 9% is anticipated over the next 2–3 months, aligning with the pattern's projected trajectory. The chart also features 30-day and 120-day SMA lines, reinforcing the bullish trend.
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