HCL Stock Analysis: Bullish Signal - Cup & Handle Pattern

HCL has been testing the strong resistance around ₹1700 since February 2024. Recently, it broke through this resistance with robust volume, establishing a new strong support level at the previous resistance. The stock is also forming a classic cup and handle pattern, a bullish technical formation.

Given the current momentum in IT stocks and the strong volumes supporting HCL’s recent price action, the stock is positioned for potentially strong returns in the short term.