HCL Tech is one of the leading IT companies quite similar to Wipro and Infosys.
It seems it has reached the trendline support and shown a healthy bounce of 4% in 4 days
The share dragged because of lower than expected quarterly earnings and PE wise, it is trading at 27 while TCS, Infosys and Wipro are between 34-36 region.
TCS has made a similar pattern as well and it will be interesting to see how these 2 shares pan out in the coming days.
I don't expect any impulsive move but slow and steady upside move.
It seems it has reached the trendline support and shown a healthy bounce of 4% in 4 days
The share dragged because of lower than expected quarterly earnings and PE wise, it is trading at 27 while TCS, Infosys and Wipro are between 34-36 region.
TCS has made a similar pattern as well and it will be interesting to see how these 2 shares pan out in the coming days.
I don't expect any impulsive move but slow and steady upside move.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.