NIFTY IT: WEEK-TECH-SHEET-> 04th February 2019 to 08th February 2019 NIFTY IT moves around + 532.90 pips from 04th February 2019 to 08th February 2019, in which nifty breaks last week 28th January 2019 to 01st February 2019 top 15751.75 As mentioned on reference 2nd February 2019 evening order nifty IT attained target 3, yet to attain target 4 Target 4: 16500...
NIFTY IT: WEEK-TECH-SHEET-> 28th January 2019 to 01st February 2019 NIFTY IT moves around + 765.05 pips from 28th January 2019 to 01st February 2019, in which nifty breaks last week 21ST January 2019 to 25th January 2019 top 15161.20 If it continuous to break 15752 Buy @t Entry: 15800 Stop Loss: 15100 Target 1: 15975 Target 2: 16033 Target 3: 16150 Target 4:...
NIFTY IT moves around + 727.75 pips from 14th January 2019 to 18th January 2019, in which nifty breaks last week 7th January 2019 to 11th January 2019 top 14495.70 As mentioned on reference 4th January 2019 evening order Nifty it attained target 1 & 2, yet to attain target 3 & 4 Target 3: 14950 Target 4: 15300
It has been observed on NIFTY IT CNXIT weekly chart that a rising trend line has been acting as good support and resistance on several occasions. PS: Request you to use this trend line setup as a supplement to your analysis before taking any position. Thanks, tRex Jurassic Park
Based on my xMRSI-Progresser predictive trading methodologies, its going to be a RED candle on 11-Oct-2018 for TCS Sell Below(5Min candle close): 2038.5 for targets - T1: 2023.2 T2: 2014 T3: 2004.5 SL: 2054.8 Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and...
Based on my xMRSI-Progresser predictive trading methodologies, its going to be a RED candle on 11-Oct-2018 for INFY Sell Below(5Min candle close): 698.7 for targets - T1: 693.5 T2: 690.3 T3: 687 SL: 704.3 Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please...
Based on my "xMRSI-Progresser" predictive trading methodologies, its going to be a RED candle on 26-Sep-2018 for WIPRO Sell Below(5Min candle close): 327.5 for targets - T1: 325 T2: 323.6 T3: 322 SL: 330.1 Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please...
Applied Fibonacci levels to IT index. Index seems to be closing above it short term resistance oh 16086 level. A strong breakout above previous highs of 16130 will be a buying opportunity in Tech stocks like Techm Infy TCS Wipro Mindtree which have been strong. Weaker rupee may be a trigger. But one should wait for a breakout and not hurry since they have rallied...
Stock is closely following the trend line and up move seems to stall at 780. A break above 780 with volumes is a good buying opportunity with Target of 803 and a breakdown below the trend line which comes around 758 levels may see selling pressure till 745
As you can see stocks has bee following the trend line and broken below recently. It tried to pullback and failed despite weaker rupee. And it is also creating a bearish head and Shoulder pattern at top which suggest and trend change which may be short term. Sell below 2066 with stoploss of 2085 Target 2025
Applied Fibonacci retracement to Mindtree. Stock seems to be following these levels. Mindtree gave a breakout at 1100 levels a week ago. Given the trend stock could rally further to 1189 and 1214 levels. Buy with a tight stoploss of 1150 and expect 1189 on Mindtree.
Nifty IT index (CNXIT) channel study on weekly chart Nifty IT index is currently finding resistance at the channel median line. Once broken it could move towards the channel top.
NIFTY IT (CNXIT) all set for 11500+ after a breakout
Continous uptrend channel on Nifty IT from couple of weeks. GO long until the channel stays intact.
We are looking at a 8 year Nifty IT chart Lets see what the chart is trying to tell us... - Between 2009 to 2015 the price has risen from 1933 levels to 12908 levels - Since Jan 2009 till March 2015 the index has been making higher top higher bottom - It is only after March 2015 that the index is seen making lower top lower bottom on a regular basis Hence...
IT industry has been in a bearish tone forming lower high - lower low since Q2-2015. The industry is under pressure with margins and visas followed by blow of Rupee appreciation. For short term, 9,880-9,900 stands to be crucial support. The reverse Bullish AB=CD around 9,900 at rising trend line indicates reversal on cards. As per time analysis, the previous rise...
For Last 2 years NiftyIT is in a pattern where it Falls then Retraces 0.618 then moves back to 1.27 extension of the previous fall, Currently Nifty IT is at a very crucial point as it is at 0.618 retracement and at a long term downtrend line... Shorts can be made for the targets of 8800...