HCLTECH –A Complete Structural Shift After Months of Compression

HCLTECH spent several months inside a broad falling structure, creating a steady sequence of lower highs and lower lows. But within this decline, the market slowly began forming a triangle and later a falling wedge, both of which signaled weakening selling pressure.

The major turning point came when price respected the lower wedge support and produced a strong rally, giving us a clear Change of Character (CHoCH). This move showed that buyers were starting to regain control.

The most important development was the break of the macro descending trendline, which had guided the entire downtrend since early 2025. This break marks the beginning of a higher-timeframe reversal.

With structure now flipped bullish, the chart opens the path toward the next major supply zone near ₹2000, which remains the logical upside target. The setup stays valid as long as price holds above ₹1380, the critical support and invalidation level.

HCLTECH has transitioned from a long period of compression into a confirmed breakout, and momentum now favors continued upside.