03 March 2022 IT sector34000 levels are being retested.
34400 provided resistance.
75mins timeframe . downward trendline of last two months has broken today.
wait and watch for retest.
IT
Coforge Long....(above 5250)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)
Infosys - Swing TradeAlmost 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.
NEWGEN at good support levelRetested 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.
HCLTECHBuy 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
IH&S breakout in HCL techHCL 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
Expecting a goodBreakout in CYIENT 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 consolidation that is above 1015.
for the given targets in the chart.
NOTE - THIS TRADE IDEA IS ONLY FOR EDUCATIONAL PURPOSE
WE ARE/WOULD NOT BE RESPONSILE FOR ANY PROFIT OR LOSS
Calm volatile expiry. NIFTY50Well, 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 announcement Keep an eye on IT stocks in the coming days; they appear to be doing well right now after NASDAQ showed a recovery.
BREAKOUT IN CLEAN SCIENCEThe 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.
MASTEKI am expecting a brekaout in MASTEK and the share can be added at CMP for a target of 3150 with a stoploss of 2834.
NIFTY AND BANK NIFTY LEVELS FOR 10TH NOVThis 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.
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Maverick Trader
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TCS Strategy creation explained ahead of its resultsIn this video, I share how I have created in excel TCS Bull Call Spread and TCS ATM Short Straddle.
I have explained all that is needed for the purpose of creating the strategies.
Please note that I may / may not execute the trade depending upon how the funds position is closer to the day end.
If you have liked the video, please let me know and if you feel something else needs to be included, please feedback on the same.
Best wishes,
Umesh
TECHM Long......Up trending stock
Currently under consolidation with drying volume
Above 1480
SL below 1398
Target -- 1545-1640
Fundamental
Market Cap-- ₹ 140,708 Cr
ROCE-- 23.0 %
ROE-- 19.0 %
Stock P/E-- 29.3
Public holding only 11.44%
Please maintain SL stickily
Risk 1-3% of your capital(so plan position sizing base on this)
My trading view ideas past accuracy (for traget-1 ) around 71%(Please maintain your SL)
DARVAS BOX BREAKOUT IN TECH MAHINDRATECH MAHINDRA "Darvas box" breakout on charts, closing outside the box will be positive for the stock. buy after that. targets and stoploss are on the chart refer the same.
MY BOUGHT ZONE AT LTTS I bought at 2602 and put stop-loss at 2470.
now currently it is moving towards to 4600.
so i changed my stop-loss to 3900.
above all patience is what we need to earn......
TCS rising weigh Lets see what happen , tcs is risinng immersively so will fall same , and do follow as for more ideas
Trendline breakout in FSL with volumesA spike in volume is clearly visible with the today's gain of nearly 5 percent. This makes FSL a great long opportunity with the entry at the current levels with the stop loss below the nearest swing low.
Kindly note that this is not a recommendation and for only educational purpose.
PERSISTENT SYSTEMS BREAKOUTPERSISTENT like the name suggests is showing a strong move. history of this stock shows a good momentum. this recent breakout will also be fruitful. follow the stoploss and the given targets. it can also be held for long term.
BREAKOUT IN TCS Formed a kind of rising wedge pattern and we can see a very bullish breakout.
Wait of it to retest 3440 and may be 3400 level , then we can see a very good up move.
PLease do your analysis and if you have any idea please tell me in the comments
NIFTY IT Sector Still some strength leftCurrently RSI <70
IT stocks outperforming market
MACD signal line crossing MACD from below.
Hinting that still strength is left in IT stocks.
Stocks to look out for :
Mindtree
MPHASIS
COFORGE
TATELXIS
HAPPISTMINDS
CNX IT : BULLISH #NIFTYIT looks good for a decent up-move. SL can be placed below the horizontal line on closing basis.
