infy i see the stock shown underperformance as compared other stocks and added to it not shown much to help index in the recent upmove
now as index is 1000++ point up in 4 /5 days
a pullback cnt be denied
thus the responsibility to hold comes on shoulder of non perforforming counters
2. TCS moving within a channel since 2nd week of march.
3. It broke a sub channel and 20 ema on 1st of April but found support at lower boundary of bollinger bands.
4. TCS now trading above 20 EMA and since bollinger bands are contracting a brekout is eminent in few trading session.
5. For coming week 1700 will act as strong support. go long above 1800, short below 1700.
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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.
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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
"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...
Prices 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.
As IT sector, already had it's much-awaited bull run this year. If already invested in NSE:INFY, then with the Q2 2018 results you can exit or short at around 720 levels for a target of 590 odd levels.
Must start accumulating it from around 590 levels and buy on every dip from there.
Note: Also it formed a Bearish Engulfing on a monthly time frame
Based 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...
MINDTREE 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.
1) 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...
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...
Based 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...
