HCLTECH ENTRY AT CMP 1707. TARGET 1723, SL 1699 (INTRA-DAY TRADE).

HCLTECH ENTRY AT CMP 1707. TARGET 1723, SL 1699 (INTRA-DAY TRADE).

The stock is trading near descending trendline with a probability to give breakout above Rs.1711 for the potential target price of Rs.1723 with a risk below Rs.1699. The risk-reward ratio is favorable to initiate positive side trade as market also opened on a positive note. The stock declined inspite of positive news yesterday.
IT giant HCLTech and US-based chipmaker AMD have struck a partnership deal to co-develop advanced AI, digital and cloud solutions aimed at driving enterprise digital transformation globally. HCLTech has officially entered a strategic partnership with Nasdaq-listed chipmaker AMD (Advanced Micro Devices). HCLTech, a global technology company headquartered in India, continues to expand its capabilities in the digital and AI space through international partnerships.
•    The partnership aims to accelerate advancements in AI, cloud computing, and digital transformation.
•    Both companies plan to co-invest in innovation labs and training programs for enterprise solutions.
•    The collaboration will establish joint development centers to serve as testing grounds for cutting-edge technologies.
Key Benefits of the Collaboration:
•    Enhanced delivery of full-stack cloud innovations.
•    Integration of AMD's advanced processors (EPYC, Instinct, Ryzen PRO) with HCLTech's transformation expertise.
•    Clients will benefit from future-ready, customized technology solutions with improved agility and performance.
Both firms emphasized the importance of long-term compatibility and technology readiness to meet evolving enterprise demands.