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HCL Tech Elliott Wave Analysis: Wave C Near 1032–1122 Support Zone

free NSE HCL Technologies Limited daily chart tips
free NSE HCL Technologies Limited daily chart tips

NSE HCL Tech stock price at a Potential Elliott Wave Inflection Point

The completion of the wave equality objective suggests that the primary corrective phase may be approaching maturity. The equality target has been achieved, price action remains technically weak and downside momentum has not yet fully stabilized. As a result, the market may continue to seek lower support levels before establishing a durable base.

The next major downside reference lies near the 1.00 around 1030–1035.

A consecutive close back above 1120 would invalidate the immediate downside extension scenario and suggest that the wave C correction may have already completed.

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