Investors in HCL Technologies, Clean Science and Technology Ltd, and Signature Global (India) are seeking guidance on their stock holdings. HCL Technologies, currently trading at ₹1,316.25, has seen a recent correction from its peak of ₹1,696.50 in February. However, analysts believe that the stock is still in an uptrend and could potentially reach ₹1,850 over the next couple of years. For long-term investors, it is recommended to accumulate the stock at ₹1,260 with a stop-loss at ₹1,140 and exit at ₹1,850.
On the other hand, Clean Science and Technology Ltd, trading at ₹1,292.75, has been range-bound between ₹1,275 and ₹1,600 since November 2022. A breakout above ₹1,600 could be bullish, leading to a potential rise to ₹1,800 and higher. However, a decline below ₹1,275 could signal a bearish trend, with the stock falling to ₹1,000 or lower. Investors who entered the stock at the upper end of the range are advised to exit and consider reinvesting in another stock.
Lastly, Signature Global (India), which got listed in September last year, is currently trading at ₹1,250. With limited price data available, a short-term view suggests that the stock has been gradually declining since March. A crucial support level is at ₹1,200, while resistances are at ₹1,310 and ₹1,370. A breakout above ₹1,370 could lead to a rally towards ₹1,600-1,700, while a decline below ₹1,200 could signal a bearish trend with the stock falling to ₹1,100-1,000. Investors with a higher risk appetite can consider holding the stock with a stop-loss strategy.
For more guidance on stock holdings, investors can send their questions to techtrail@thehindu.co.in.