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Feb 19, 2013, 02.09 PM IST | Source: CNBC-TV18

Expect HCL Tech to hit Rs 750 in short term: Bala

According to technical expert, Jai Bala of cashthechaos, it is better to buy HCL Tech closer to Rs 670-675. He expects the stock to hit about Rs 750 in short-term.

Jai Bala

Chief Market Technician, cashthechaos.com

Expertise : Equity - Technical

More about the Expert...

According to technical expert, Jai Bala of cashthechaos, it is better to buy HCL Tech closer to Rs 670-675. He expects the stock to hit about Rs 750 in short-term.
 
Bala told CNBC-TV18, “If you look at the move of HCL Tech from the July lows to January highs, technically it says that there is one more leg on the upside pending for the stock. The decline from the January highs to Rs 750 looks like a perfect correction.”
 
“It is better to buy this stock closer to Rs 670-675 and expect the stock to hit about Rs 750 in the short-term, Bala added.

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