HCL Technologies has very strong support around 480: Prakash Gaba

In a chat with ET Now, Prakash Gaba, CFT, prakashgaba.com, gives his views on HCL Technoligies. Excerpts:

ET Now: Compare how HCL Tech is actually doing after the numbers with some of the other stocks which have been also outperforming like Hexaware, how does the charts look?

Prakash Gaba: HCL Tech somehow stayed away from the entire IT pack or so. Structurally, HCL Tech has a very strong support in regions of around 480. The way it has moved from 380 to 500 zone and then rest it out there, it gives a feeling that there is much more upside in HCL Tech to come.

So, HCL Tech does not look weak like other stocks which were looking weak.