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DailyBubble News

TCS, Infosys, HCL Tech: Trading strategies for these buzzing blue-chip IT stocks

Indian benchmark indices faced profit booking on Wednesday ahead of TCS’ Q1 results, with BSE Sensex dropping 426.87 points to 39,924.77 and Nifty50 falling 108.75 points to 24,324.45.

Blue-chip IT stocks like TCS, Infosys, and HCL Technologies are in focus. According to YES Securities’ Technical Research Analyst Laxmikant Shukla:

Infosys is in an uptrend with strong support at Rs 1,570, targeting Rs 1,780.
TCS is cautionary with support at Rs 3,870 and resistance at Rs 4,100. A rebound may push it to Rs 4,100-4,150.
HCL Technologies has broken resistance at Rs 1,490-1,500, aiming for Rs 1,620 with support at Rs 1,435.

DailyBubble sees potential in these stocks based on technical analysis, but advises caution and recommends consulting a financial advisor before making any investment decisions.

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