Multi year chart. taken multiple times support. Is it time to come out from consolidation and entering new uptrend? Coming 1-2 months will be decisive. Keep a closer watch on IT index and IT stocks
IT index has been consolidating since 3 yrs. This time it seems like come out from this consolidation. Keep a closer watch
Now we have a strong breakdown of the compression zone. The structure indicates the start of a downtrend. The price could test the levels of 30,054 (Strong Support) which is 5-to-6% from the current level. On the up side the level of 35,188 will act as a strong resistance. Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to...
Sector analysis Stock Analysis. Read the candle and structure to get most out of it.
Now today is the time of the technology companay but indian IT index is not show any strength and not lead the market rali, This is not support and participate the rali the main reasion is the structure of the Nifty Index. This index higher weightege stock not perform most in the correction phase hence this index is underperform the market.
IT Index is in Uptrend after recent correction. Can move up 10% in next 20-30 days.
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.
BSE InfoTech Index is moving in parallel channel since 2009
Breakout after nice consolidation
Wipro Near break out trade with stop loss
Wipro Near Breakout Trade with Stop loss looking good for Delivery stop loss 517
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