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.
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 .
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-----------
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
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.
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.
Retested support level, long standing trendline since March 2020 intact, Resistance line can be broken in few weeks.
Buy at 570 level for upside till 630 i.e. 10% in parallel channel.
Stoploss below latest mother candle on 25 Jan at 550 i.e. 5%
Risk Reward Ratio 2:1
Can hold for larger gains as well since Q3 performance was good but stock did not move much.
Buy HCLTECH above 1323
SL - 1308
TARGET - 1352
it is for short trem( 1 Week - 1.5 Week)
IT IS FOR EDUCATIONAL PURPOSE ONLY ,DO OWN RESEARCH BEFORE NSE:HCLTECH ORE BUYING
HCL tech has given breakout of inverted Head and shoulder pattern. if sustain , then can give very good return.
rest is detailed over chart.
Disclaimer : This is for educational purpose only
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...
Well, we can skip the gap up fear. It's nice to see such a peaceful volatile expiry today between 17350 and 17150. The bottom side was beautifully respected, 17000 till now. We can say the market respects price action as well. From here, the nifty will either consolidate or break imp levels. My eyes will When FIIs start to support the market, After the US...
The stock gives a fresh breakout in 1HR time frame and now the stock is ready to show some big moves. The target and stoploss level is also mentioned in the charts.
This channel provides Nifty and Bank Nifty analysis and provides swing trades for equity.
The channel is also a provider of technical knowledge on technical analysis.
This is merely a recommendation channel, so please do your own analysis as I am not a SEBI registered analyst.
Please support the channel by liking, sharing and subscribing.
Regards
Maverick...
