Buy HCL Tech, target Rs 775: Swati Hotkar

Swati Hotkar, technical research analyst at Nirmal Bang Securities is positive on HCL Technologies. The expert has recommended traders to buy the stock with a target of Rs 775 and a a stop loss at Rs 725 in intraday trade. The stock has hit a high of Rs 739.50 and low of Rs 731.50 in trade so far. The stock has breached its 20-day moving average, which stood at around Rs 737 level. That said, the stock is trading far lower than its 200-day moving average of Rs 855.09.