Triangle Breakout seen in India's 4th largest IT Services Stock

Jun 20

Hello everyone, i hope you all will be doing good in your trading and your life as well, i have brought a large cap IT sector stock which has given Triangle Pattern breakout, and price is still sustaining above the breakout area, in yesterday's session we have seen neckline breakout, and today's price has come to retest the breakout.. A high probability trade is waiting from here, all levels i have given on chart like entry exit and targets. IT sector moment is supporting now a day's. Specially Midcap IT is on fire, i will try to bring some midcap stocks as well, but for now focus on nifty 50 stock.

Technically stock is looking good on chart, MACD is also giving bullish crossover.
RSI also giving bullish crossover, price is above 200-DEMA. (I have not placed any indicator on chart, but i have done my analysis before to publishing the idea.)
Stock is good to go long for short term to long term as well, we all know how wipro helped their investor to make them Billionaires, who invested in early 80's.
So the stock is same, still it has charm to give returns like it does earlier, but you have to be patience in it.

Market Cap
₹ 2,56,398 Cr.
Current Price
₹ 490
High / Low
₹ 546 / 375
Stock P/E
23.2
Book Value
₹ 143
Dividend Yield
0.20 %
ROCE
17.2 %
ROE
14.5 %
Face Value
₹ 2.00
Industry PE
29.7
Debt
₹ 16,465 Cr.
EPS
₹ 21.1
Promoter holding
72.9 %
Intrinsic Value
₹ 243
Pledged percentage
0.00 %
EVEBITDA
13.6
Change in Prom Hold
-0.01 %
Profit Var 5Yrs
4.17 %
Sales growth 5Years
8.75 %
Return over 5years
11.6 %
Debt to equity
0.22
Net profit
₹ 11,112 Cr.
ROE 5Yr
17.3 %
Profit growth
-2.69 %

Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.

Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou.

Jul 2

Trade active

1st Target got achieved successfully...

Jul 10

Note

Made high 548, just near to 2nd Target

Jul 12

Trade active

Made high 564, above to our 2nd Target, Stock has given good breakout candle with good volume.
Now this is heading towards our 3rd Targets