Reliance Analysis - Small Dowside but might recover.Probable Downside, but also watch 50 SMA closely. What do you think ??
IT
NIFTY IT: WEEK-TECH-SHEET->05th August 2019 to 09th August 2019ghstocktrading.webnode.com
NIFTY IT: WEEK-TECH-SHEET->05th August 2019 to 09th August 2019
NIFTY IT moves around +632.85 pips from 05th August 2019 to 09th August 2019, in which nifty IT break last week 29th July 2019 to 02nd August 2019 top 15649.15.
NIFTY IT: WEEK-TECH-SHEET->22nd July 2019 to 26th July 2019ghstocktrading.webnode.com
NIFTY IT: WEEK-TECH-SHEET->22nd July 2019 to 26th July 2019
NIFTY IT moves around +380.35 pips from 22nd July 2019 to 26th July 2019, in which nifty IT break last week 15th July 2019 to 19th July 2019 bottom 15363.05.
NIFTY IT: Breaks March Bottom: 15202.05
Sell Wipro for 5th Feb with a strict S.L of 375.6"Only" If NSE:WIPRO opens above 371, sell it with a SL of 375.6 and targets of T1 - 368.5, T2- 365.2 else do not take a trade.
Disclaimer :
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. Any opinions, news, research, analyses, prices, or other information offered is provided as general market commentary, and does not constitute investment advice. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Rectangle pattern ReversalPrices have formed Rectangle Pattern and traded below it decisively. One can trade the reversal pattern by initiating the short trade for the target of 322.
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
INFY - a perfect buy on dips stockINFY - a perfect buy on dips stock - Any dips towards 580-540 zone must be seen as a buying opportunity.
MINDTREE: Buy @ 1086 SL 1046 TGT 1170MINDTREE is a BUY on NSE around 1086 with SL of 1046 and Target of 1170. If it comes down tomorrow and takes support around 1090 then get in the stock.
NIFTY IT (CNXIT) trendline on historical chartIt 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
MyAlgo : xMRSI-Progresser: Intraday : 26Sep-WIPRO-ShortBased 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 do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
Oracle Financial Service Soln1) Breakout of 6 months bearish trend this week with large volume -- RSI also in overbought zone
2) High Delivery and OI volume in last 3 days
3) USD INR making new lows due to dollar strengthening
4) While other IT companies even Wipro made new highs, ofss has been laggard
5) 73% owned by Oracle 20% by Institutions majorly FIIs- RoE-31% but profit growth has been only 5% for last 3-4 years so stock has undermentioned
6) Revenue mix North America 38% , Europe and Middle east 31% and asia 31%
7) 80% revenue from Oracle product suites deployment primarily to banks for their customized needs - has 2700 Cr cash on balance sheet and trades at P/E 28x trailing - company has always been at premium valuation to infosys and TCS due to product nature of business and US based parent
8) Shall cross 5000 if volume sustains -- also retail float is 4-5% which should give momentum
Sell Infosys Limited Sell Infosys Limited
parallel channel top so possible Come Down
This Month Maximum Up Side Possible 1440
Wipro Wipro has been under performing since Jan 2018 while other peers have moved up 20-30%. It is one of the cheapest IT stock. Q4 2018 was bad due to insolvency of 2 of its customer and it had to write off 208 Cr. Growing US economy and Cur ency depreciation will provide tailwind to earnings which will be declared on 20th July.
In last 1-2 weeks stock has recovered after making double bottom with strong volume on both weekly and daily chart. Stock can move upto 299 in next 8 days. MACD and RSI are also showing strong momentum
SL-200EMA close
MyAlgo: xRWave-Blaster: Intraday call:15Jun-INFY-ShortBased on my "xRWave-Blaster" predictive trading methodologies, its going to be a RED candle on 15-Jun-2018 for INFY
Sell Below(5Min candle close): 1236.6 for targets -
T1: 1227.3
T2: 1221.8
T3: 1215.9
SL: 1246.5
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 do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
MyAlgo: xRWave-Blaster: Intraday call:15Jun-TECHM-ShortBased on my "xRWave-Blaster" predictive trading methodologies, its going to be a RED candle on 15-Jun-2018 for TECHM
Sell Below(5Min candle close): 697.1 for targets -
T1: 691.9
T2: 688.7
T3: 685.5
SL: 702.7
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 do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
My PredictiveEngine's Intraday call(04-Jun-18)-INFY-ShortBased on my PredictiveSystem's signals, its going to be a RED candle on 04-Jun-2018 for NSE:INFY
Sell Below: 1217 for targets -
T1: 1207.9
T2: 1202.4
T3: 1196.7
SL: 1226.7
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 do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
My PredictiveEngine's Intraday call(29-May-18)-HCLTECH-ShortBased on my PredictiveSystem's signals, its going to be a RED candle on 29-May-2018 for HCLTECH
Sell Below: 891.8 for targets -
T1: 885.1
T2: 881.1
T3: 876.9
SL: 898.9
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 do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
My PredictiveEngine's Intraday call(11-May-18)-INFY-ShortBased on my PredictiveSystem's signals, its going to be a RED candle on 11-May-2018 for INFY
Sell Below: 1165.1 for targets -
T1: 1156.4
T2: 1151.1
T3: 1145.6
SL: 1174.4
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 do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
My PredictiveEngine's Intraday call(11-Apr) - HCLTECH - ShortBased on my PredictiveSystem's signals, tomorrow (11-Apr) its going to be a RED candle for NSE:HCLTECH
Sell below: 946
Target-1: 938.3
Target-2: 934.7
Target-3: 930.2
Stop loss: 953.6
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 do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
stocks to avoid for investment (2)i personally think that investing can generate wealth only if you select a good buisness at a good time and not a random choice will give you gains ..
infy !!! and my favorite color red ....will like to see it deep red upto even 1040 levels soon !!!!!!]
will that be possible
with stop loss of 1089 ...!
need to check
