HCLTECH: Year-Long Trendline Breaking | IT Services Rally StartsHCL Technologies LimitedNSE:HCLTECHrmhetre15STRONG BUY Setup 💻 Entry: ₹1,662-1,675 (Current Level) Target 1: ₹1,703-1,720 Target 2: ₹1,764-1,780 Target 3: ₹1,820-1,850 Target 4: ₹1,900-1,950+ (Extended - Trendline Breakout Target) Stop Loss: ₹1,591Technical Rationale: BREAKING ABOVE year-long descending trendline (marked "Trendline" in blue on chart) Explosive +4.23% surge with exceptional volume spike (6.34M - highlighted as "Volume Spurt") Daily chart showing decisive breakout from long-term resistance Trading well above rising EMA (blue curve) - strong bullish reversal Volume is highest in months (marked with blue arrow) - institutional buying confirmed RSI trending strongly upward around 70-75 - powerful momentum IT Services sector leader - one of India's top IT companies Multiple resistance levels clearly mapped: 1,703, 1,764 Strong support established at breakout zone 1,591-1,600 Previous consolidation near 1,500-1,600 now acting as strong base Pattern shows consistent recovery from October 2025 lows Breaking above the descending channel that dominated 2025 Risk-Reward: Excellent 1:3 to 1:5+ ratio depending on targetsPattern: DESCENDING TRENDLINE BREAKOUT on DAILY Chart with massive volume confirmation - highly reliable bullish reversal setupStrategy: Short to medium-term swing/positional (weeks to months) Book 20% at T1 (1,715), 20% at T2 (1,772), 20% at T3 (1,835) Hold remaining 40% for extended target 1,900-1,950+ Trail SL to 1,675 after crossing T1 Disclaimer: For educational purposes only. Not SEBI registered.