IT
ZUARI GLOBAL LONGBuy Zuari Global at 218
Target price of 249
Long build up seen is yesterday's session. I expect a big move from charts
still good fall left in the stock ! no HEALING 4 Quickheal i expect the stock to retest lower levels of 280 , 260 ! lets wait and watch !!
short term ups and downs comes and goes !
Nifty IT index (CNXIT) channel study on weekly chartNifty IT index (CNXIT) channel study on weekly chart
Nifty IT index is currently finding resistance at the channel median line. Once broken it could move towards the channel top.
tcs looks weak .....lets wait and watchi will like to sell tcs for a good downside target as it looks technically weak!!!!!!
'JUST DIAL' YOUR BROKER AND START BUYINGDouble bottom in monthly charts.
Breach of trend in weekly and daily.
Heavy volume on green days only.
The company just bought back shares last week around 395-400 levels.
are few reasons to long on this counter.
i will also mention - apart from trading, i see potential for investment on this counter too with target of atleast 650.
The company shall be a leader in the mainstream indices in future.
Animesh Vashisht
wipro moving towards 310 -316+++ 340??? I see a good upside in wipro for near term target of 310 , 316 and short term target of 340 in 3 months ...HOLDDDDDDDDDDDDDDDDDD
ROLTA - AT "VALUE INVESTING" LEVELSIt is been observed that the price action have dropped down to all time lows but the company structure and working have not much changed. It is running successfully with consistent quarter returns. I believe the company is trading at a "value investing" levels and it is a good time to enter with minimum risk at current levels.
Target 1: 65
Target 2: 75
Stoploss: 55
JUSTDIAL - AT STRONG SUPPORT LEVELSIt is been observed that the price action taken a strong support at 400-410 levels and it shall further take it up from current levels. A low risk, high gain setup.
Target1 - 420
Target 2: 440
Stoploss: 395
Infosys Heading Towards the 1000 MarkInfosys has reported a 3.44% increase in consolidated sales from the same quarter last year. The sentiment around Infosys is highly positive with reports estimating a possible high of over 1300+ over the next 12 months. The stock is definitely a hold atleast for the next few months and considerable profits could be expected.
TCS : Too risky to touch during Result times !Yep ! TCS results are coming out in 4 hrs I guess. Yesterday itself TCS board has approved for share buyback, if I'm not wrong its around Rs.2800 I believe. So, a share buyback will always increase EPS of a company, here also it can happen.
But Results are coming out so there may be wildswings on any direction bcos we can never predict how Market views results. Anyway with help of trendlines we have formed zone around 2250's to 2300's ( a wick or good support with trendline can happen in singleday or comingdays ) I can't specify time. Trump getting ready to sign H1B visa reforms, well buybacks can provide support for a stock at times.
I hope that trendline wouldn't be broken on daily basis if that happens it may go down to 2100's ( pretty bad scenario). Conservative traders can enter after the upside trendline confirmation.
Things wont happen in next few mins, this one on TCS will take days or weeks !
Near term bounce back possible for TCSBased on the monthly chart, it looks near term long is possible with atleast target of 2560 with stoploss being 2400
Symmetric Triangle on INFY - NEUTRALSymmetric Triangle on INFY and will break either side.
Trade:
Long:
Buy above - 1006
Target - 1016
Stop Loss - 996
Reward Points - 10
Risk Points - 10
Short:
Short below - 1002
Target - 992
Stop Loss - 1012
Reward Points - 10
Risk Points - 10
TCS Downward WAVE 5 in progress (Swing Trade Setup)It is been observed on daily and weekly chart that the price action making lower highs and lower lows indicated a downward trend. Now, It is also been observed that the price action completed Wave 4 and now it is in progress of Wave 5 in the prevailing downward trend. For last two trading session, it is been bearish when Marked acted positive. I believe sellers are in control and it may further dip down. Regards
Target1: 2205 (RR- 1:1)
Target 2: 2100 (RR- 1:3)
Target 3: 2000 (RR- 1:5)
Stoploss: 2350
Cup and Handle formation on TCS - LongCup and Holder formation on TCS and shows bullish.
Trade
Buy abv 2290
Target 1 - 2320
Target 2 - 2340
Points gain - 50
Don't trade until the trade active.
Ascending Triangle formation in TCS - LongAscending triangle formation in TCS on 30mins chart.
When the price break the top line of the Ascending triangle, the trend will be bullish but here need to focus o EMA 50.
EMA 50 lying above the price. so EMA will act as a Resistance so keep on eye. Once EMA 50 also broken then it will be hit the target.
Trade Idea:
Buy above - 2163
Target 1 - 2184
Target 2 - 2201
Stop Loss - 2137
Target 1 points gain - 21
Target 2 points gain - 38 (Total)
Stop Loss points loss - 26
Happy Trading...!
Ascending Triangle on TCS - Longin.tradingview.com
Ascending Triangle formation on TCS 1 hr chart.
Bullish Sign.
Buy above 2338
Target 1 - 2360 / 70
Target 2 - 2400
StopLoss - 2290
Hexaware Breakout Support and Channel (Sell)It is been observed that the price action is trending down on weekly chart and now it has broken the previous support levels of 183 on daily chart, which indicates further weakness. On weekly chart, we can see a strong suport level which can be our next potential target.
Target: 170
Stoploss: 195
Hexaware Looking WEAK, Breaks out Previous SUPPORT (SELL)As highlighted on the chart, there were three touch and go candlesticks formation observed at supports level of 202 on the weekly chart. As per the last week closing, this time the sellers was in control with price action and breaks below the buying zone or the support level of 202 indicated weakness and sell off in coming week. I expect the target to be 180 levels which is the previous resistance zone, which may act as a new buying zone. It is at a gap of 8% from the last closing price of the candle. It is a good time to short with sellers in the market with stoploss at 232.
