The price indicates an ascending triangle breakout sooner or later.
As per various research reports, hardly 5% of the total business have moved their business online post pandemic which leaves a lot of scope for business growth.
Spending on R&D on cloud services started generating revenue for IT companies with double digit profit growths.
Increase in dollar price acts as a tailwind for increase in margins of IT companies.
This stock can also be used a defensive pick against market fall, if any.
Medium term investor can start accumulating at these levels for targets of 3800 and 4000.
#TradeTheTrend#TechnicalPick#LargeCap
As per various research reports, hardly 5% of the total business have moved their business online post pandemic which leaves a lot of scope for business growth.
Spending on R&D on cloud services started generating revenue for IT companies with double digit profit growths.
Increase in dollar price acts as a tailwind for increase in margins of IT companies.
This stock can also be used a defensive pick against market fall, if any.
Medium term investor can start accumulating at these levels for targets of 3800 and 4000.
#TradeTheTrend#TechnicalPick#LargeCap