The short-term outlook is bullish for HCL Technologies. The stock has risen over 3 per cent on Wednesday and has closed on a strong note. This rise has taken the share price well above a key resistance level of ₹1,380. This level of ₹1,380 will now act as a good support and limit the downside Moving average indicator is also giving a positive signal and that strengthens the bullish case. HCL Technologies share price can rise to ₹1,580 in the coming weeks.

Here's an interesting stock idea: The stock idea that we have for you today is HCL Technologies. The stock has risen over 3 per cent on Wednesday. This rise has taken the share price well above a key resistance. The outlook is bullish. We expect the share price to go further higher from here. Check out the latest episode of bl.Today’s Pick to learn more.Video Credit: Businessline

Traders can buy HCL Technologies shares now at ₹1,424. Accumulate on dips at ₹1,395. Keep the stop-loss at ₹1,320. Trail the stop-loss up to ₹1,450 as soon as the stock goes up to ₹1,485. Revise the stop-loss higher to ₹1,495 and ₹1,540 when the price touches ₹1,525 and ₹1,565 respectively. Exit the long positions at ₹1,580.

(Note: The recommendations are based on technical analysis. There is risk of loss in trading.)

Published on October 22, 2026