I think Tech M is very strong, should do well in coming sessions
Weekly Chart Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Multi year chart. taken multiple times support. Is it time to come out from consolidation and entering new uptrend? Coming 1-2 months will be decisive. Keep a closer watch on IT index and IT stocks
IT index has been consolidating since 3 yrs. This time it seems like come out from this consolidation. Keep a closer watch
Coforge is one of the good IT stock is ready for break out. In past weeks we do see a sharp downside movement in IT stocks and now IT stocks ready for rally. Coforge CMP : 4724 SL : 4695 TARGET : 4900
Infosys is at a good support level of 1300-1400 looking good for accumulation for a target of around 1750/2200
Price action has retracted in weekly demand zone Daily And 4HR timeframe has given a break of structure 50 Ema is also providing confluence Not a financial advise.
NSE:CNXIT Looks Good for Fresh Entry. NOT A RECOMMENDATION. JUST FOR EDUCATION.
If it breaks the Previous Resistance area we can expect some Move on upside mark in green
HCL Technologies is also Near the Strong Resistance in Weekly it's Made a( Hanging Man Candle) Near the Resistance Trendline two things Happen Reverse or Take Support at Previous Resistance as Support Level
Cup Height : 2000 Breakout zone : 8200 Support Zone : 7200 Target : 10100
TCS is at a crucial trendline and can be a good risk taking zone for a Long Trade. The stock has support of trendline as well as the sloping 50 DMA. This confluence of support gives more confidence. Stop Loss: SL has to be a strong candle close below 3,450 Entry: Entries can be made after a show of strength on good volume Target: Previous swing high i.e. 3,660++
sensex is in Downtrend i thik i will buy put after breakout What happened on the stock market today? The S&P gained 0.6%, while the Dow Jones Industrial Average rose 213 points, or 0.6%, and the tech-heavy Nasdaq Composite was up 0.8%.
Its the next multibagger, its already it buying zone and consolidating since long time, every stock has already shooten up but IT industry is left. Now its time for IT industry and LATENTVIEW ANALYTICS is one of the high margin constant profit maker of 25%+. its a constant profit making company since its established. promoter group is really strong. compounding...
APTECHT:- Head and shoulder pattern is formed on weekly chart, breakout candle is also strong, wait for retesting, if you want to plan something, take care of all time high 449.75, keep an eye on the stock Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be...
In previous post One of the 3 important levels given on the downside was 17708. Nifty closed the day at 17706.85 Also had suggested the blue zone may act as Support zone for Nifty in April series. Despite poor reaction to Infy numbers, Nifty has managed to take support in the blue zone. It recovered more than a good 100 points after touching the blue zone. What...