Left chart- Wipro
Right chart- Nifty IT Vs Nifty
Ratio Study- that the ratio is below all the three averages, is an indication that IT stocks will underperform Nifty. I had already stated that the correction in them is not over yet.
So three stocks which are a sell right now are Wipro, Infy and TechM, TCS will fall too but these are better bets as they have just started,
Right chart- Nifty IT Vs Nifty
Ratio Study- that the ratio is below all the three averages, is an indication that IT stocks will underperform Nifty. I had already stated that the correction in them is not over yet.
So three stocks which are a sell right now are Wipro, Infy and TechM, TCS will fall too but these are better bets as they have just started,
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.