a beautiful trade u can take. if u r a long term investor now is the time to enter as there are some institutions who have entered u can see the volumes.
Once the index goes below 29800, we might retest the support zone.
Almost at the support waiting for it to be broken. The weakness is still continued in IT stocks so better to stay away. I'm looking at the targets of 28000 in coming months.
Hi This is my sectorial analysis summary video for major Indexes like Auto, IT, FMCG, Metals, Realty, PSU Banks, PSE, Midcap, Pharma
The markets saw a rather wonky expiry today. What are your thoughts? Do you feel the bullish bias continues ahead of RBI rate announcement?
As visible on charts CNXIT has given a breakout from multiple reversal patterns which are Island Reversal, Double Bottom, Inverse Head & Shoulder. CNXIT has formed double bottom around 26450 along with RSI divergence and finally given its breakout at 28600. The index fell with a gap and also reversed with a gap hence, leaving behind an island and showing an...
Infosys has given a range breakout of Head and Shoulder Pattern , and we have got a closing also outside the range, so this is a good price and time to enter LONG. Risk Reward should be at least 1:1
#Watchlist #TCS (D):-CMP 3237.6 Looks Good Above 3250 For More Upsides :) #Disclaimer:-View shared is for educational purposes only. Conduct your due diligence before making any trading or investment decisions.
Nifty took resistance from under 16,500 and banks failed to deliver. IT stocks were strong though. What's your view on this week's expiry?
Bears managed to drag the indices to expire below key psych levels. Banks and IT both seemed weak. What's your view?
This sector has completed corrective waves as wave A-B-C and now possibly wave X has been started as a retracement, Once it closes above 20DMA (middle Bollinger band on daily chart), then it can show good strength and go towards north directions, up to 38.2% of whole recent fall as wave A-B-C. Some price actions and some indicators are suggesting reversals after...
CNXIT has been moving within a box range since 30th May 2022. It had broken out on the upside briefly on 3rd June before moving into the box again. Resistance at 29972 while support is at 29060.
June week 1 Price 25% dip from CMP and 30% dip from ATH Monthly support of 20EMA, Weekly Support of 100EMA. Wait for Daily Supertrend to change to Green(Buy), Passive : Accumulate ITBEES/IT MF #keepITsimple
Nifty It has been showing no particular direction for the past week, sometimes on a solid green day it manages to fall and sometimes seeing Nasdaq it seems to gain some points but what is the real direction of this sector? I have taken the top 5 Nifty I.T stocks that have the most weightage in this sector and have analysed them. Below are all the top 5...
As we can see there's a trend reversal in market and bullish movent in the market , it 's a good oppourtunity for long everything is mentioned in the above pic in details
CNXIT looks positive after taking the support from the previous high. Now price returned back to the breakout level and took support and moving up to break the previous high once again. Traders can target IT stocks which is about to break the previous highs or trading near the highs. . . .
The I.T sector move has been exhausted and now it seems to me that the scripts will be touching their retesting levels before gaining momentum again. Right now it's time for the finance sector to boom. The RSI is weak MACD below signal Line Volume profile shows targets can be further below. Sell Below 1780 (Wait for a small retracement) Targets mentioned in the...
NSE:CYIENT from the IT rally CYIENT has taken some good corrections and now it is back to its previous demand zone . it is still taking rejections from the given trendline I expect a good breakout in coming days. CNXIT also looks good after breakout but not much bullish we can buy it after the breakout of both the trendline and the previous 15 days...