Mphasis is near a crucial support and RSI(14) also gaining some strength
All the IT stocks are trading at discounted prices good time to enter, stop-loss, entry, target, mentioned in the chart
the index is at good level of support if it take support here with a good green healthy candle then further we can see a upward reversal thanking you HAPPY TRADING NSE:CNXIT
A clear downtrend breakout and cup and handle pattern formation in Happiest Minds. From these levels, it can give a 25-30% move upwards. RSI is bullish above 50 and ADX is above 20 in the daily charts. OBV is rising. Important indicators hint a big move. Even the Ichimoku cloud indicator has indicated a reversal of the downtrend. I think it is a good trade to be...
I have shared Wipro weekly chart and marked Elliot waves considering wave 1 to start after corona crash. If you can see the 5 waves got completed in month of Oct, 2021 where high is 739.85. As per standard Elliot wave principle a correction after wave 5 should get completed in or around where wave 3 and wave 4 is terminated. This is standard as per book...
NSE:OFSS is nearing triangle breakout Entry : Conservative traders, wait for breakout with volume above average and then take position. For small SL, enter on strong close above 3180 Exit : When the setup is invalidated by false breakout, or strong close below the triangle's support line Target : 4200, giving around 32% returns from current price of 3147.70....
NSE:MAPMYINDIA is nearing triangle breakout Entry : Wait for breakout with volume above average and then take position Exit : When the setup is invalidated by false breakout Target : T1 1500 T2 1650 T3 1800, giving around 11% 22% 33% returns from current price of 1345.95. Follow trailing stoploss as T1 while waiting for T2, etc. Smallcap IT related company with...
Nifty IT made double bottom as mentioned in chart. Now it is near previous high. if it crossed the PH, then 2000 point rally can be seen. otherwise a fall from the red line marked on chart. So we can hold IT stocks if it crosses 30500 level.
kpit tech buy 560 stoploss 490 target 760 complete all correction
as you can see nifty IT daily chart , it taking support at trendline . and it also broken all pivot lines support levels . if weekly close below trend line may dangerous and also it may take next support at 29800 if it continues . whoever investing now can work with small SL . do research & learn . it also forming CUP & HANDLE . do like my idea if you agree .
NSE:WIPRO is a giant company from IT sector in daily time frame Wipro is making rounding pattern, which Wipro follows very strictly so, one can add this stock for short term targets of 680 and 720
Fierce fall, giant company. Expecting it to bounce to fill all the 'inefficiency' Tight stop of 2.3% with 5RR+ reward GL/
Tcs can enter the parallel trap. Buy on the lower region and don't panic in the trap once it swings just book your profits. ------3580 - Wait -3484 - Buy - 3388-----------
FSL is in monthly demand zone. FSL buy at around 130-135 with stop loss of 124 for target of 150,164
NSE:CNXIT IT sector was confined in range since September 2021 end , gave a strong breakout in December when broke the range after that it came back inside the range , now today on 9th March 2022 it again gave a Breakout from the range there is a strong possibility of 5-8% rise
34000 levels are being retested. 34400 provided resistance. 75mins timeframe . downward trendline of last two months has broken today. wait and watch for retest.
Buy above 5250 SL below 4500 Target 6100-6500 Market Cap- 30110 ROCE-- 25.7 % ROE-- 19.3 % Debt Free Public holding is only 9% so FF (271 cr)
Almost all the IT stocks looking bearish and among those Infosys seems to be the weakest. Please wait for the trigger level to cross and close below that level atleast in 1H time frame. Further target will update as per Price Action.