IT sector has now bottom out now we can see reversal in it stocks but try to trade in large cap or few selected midcap stocks like- Infosys , Mindtree , TCS
this is only for educational purpose only -
About the company
NIFTY IT index & other stocks from Mid-cap & large-cap has shown a tremendous performance, where OFSS being a strong financial company has underperformed. [i ]
Chart analysis
This is the monthly chart of OFSS, the stock is in the consolidation zone for years & now has given a breakout from its 2015 high with record volumes.
As per...
Looks like IT index 4th wave may have just ended.
Now big 5th wave can come..
Keep stop loss 30400
Target can be 24000 to 22500..
Risk reward is super.
cmp 29900
The Bullish Harmonic pattern is in process of completion with PRZ at 26,650-26,800 zone.
The reversal from PRZ with take index above 28,000+ levels while the pattern negates on close below 26,390.
Hi Traders
This is an good opportunity for both buyers and sellers. As price is corrective than sellers can short sell here for quick profit. Investors can wait for the correction as they will get the buy the stocks as much cheaper price.
Anyway as i said in the chart this is an corrective structure. Form the looks like it is an flat structure so its should...
the it index is bullish by patterns and indicators so invest as per your risk appetite and follow the lvl
if you like the content or discuss more about post then like and do comment
Here Comes a new idea and this time Its a well known large cap... TCS.
Refer All the notings in the chart.
Very Small SL of 3400.
Target Shall be New ATH, but it demands sheer patience.
Please Do Like & Comment.
NIFTY IT INDEX IS NOW READY TO SHOOT ....COMPLETED CORRECTION ON 3 HOUR TIME FRAME AND ALSO 4 HOUR TIME FRAME.... INFOSYS , HCL TECH EXPECTED TO LEAD THE RALLY
A nice breakout occurred here in #tataelexsi with strong RSI. stop loss could be 1230. To be bot above 1320. above means above 1320 . my view only may be 100% wrong
TCS:- supper bullish upward channel follow buy zone 2100/2300 for target 2600₹ with sl 2180 clbs
#Disclaimer:-I just shared view for only educational purpose.
