HCL Tech breakdown

9 Des 2022

There has been a massive breakdown on the charts of HCL Tech and this comes with other IT stocks correcting as well. The support of 1100 has been broken with a gap down and one needs to be careful in this script. While I believe a bottom was made a few months back in IT, this does not mean that IT stocks will rally and outperform. I maintain my view that time wise correction remains in IT.