Break-out day for HCL Technologies?

HCL Technologies can react ahead of its third quarter result, which is due on Thursday. Technically, the rebound from Friday’s low of ₹1,337 is suggesting a reversal of the downtrend that has been in place since March. This bounce has happened from the 100-day moving average and an important trend-line support at ₹1,305. Strong earnings can help it breach the ₹1,445-1,460 resistance zone. Such a break will confirm the upmove that can take the stock to ₹1,588.65.