Index is respecting the rising trendline support and bouncing ever time it touches the demand zone,, bullish candle formation after small consolidation,,,
MACD have given positive cross over after the retracement of last up move , indicate up trend is intact and will continue
RSI have started making higher high and higher low after the retracement from 90 to 50...
As of Now My View With IT SECTOR is BULLISH...
INFY Took Resistance 1588 and then we see Profit Booking which was expected after BOOM in ITSECTOR
No we Have Some levels for NEXT WEEK ...
If infy take SUPPORT from TRENDLINE which is near- 1552-1556 then we will take trade for target of 1588
and if it broke the TRENDLINE then take trade at 1540 and target will be...
As We can See Mindtree Formed the ASCENDING TRIANGLE PATTERN this is Bullish Pattern which shows that the stock made good base and ready for up move ..
Buy Initiate Above- 2745
SL - 2715
Target - 2750/2790
Do Like And Follow For More Ideas
Intraday Simple Price Action Setup
Buy Above - 2710
Short Below- 2683
SL - Own SL
But As of now my view is still bullish on this sector ..
Tommorow it might give another upmove...
Happy Trading...Safe Ur Capital Use it Wisely
"Nazara ka ab Nazara dekho"
Breakout today with good volumes.
Small consolidation at support is over.
Last two candles are thick. Looks impresive.
IT sector is rallying for last few days.
Keep this one in radar.
This post is for information purpose only.
Hello guys i had find this selling setup in 4h timeframe which is at good resistance area and we have a good high risk to reward setup we can sell from here with the sl at above resistance and below channel tg also plzz do your own analysis before taking any trade if you like my analysis plzz like share and follow thank you
ZENSAR is an IT company that consists of multi-stream businesses. It operates two major segments one is application management and the other is infrastructure management services.
Major revenue comes from USA 70%, Europe 16% and 11.2% South Africa. Their clients are from the USA, UK & EU, Africa.
Revenue in Q4 FY21 clocks at 494m with...
THE IT SECTOR ARE BULLISH
INFOSYS MADE A CUP AND HANDLE PATTERN AT NEAR TO BE ALL TIME HIGH.
INFOSYS LTD :-
CMP : 1474.0
ALL TIME HIGH : 1477.55
BUY ABOVE 1477.55
STRONG BULLISH PATTERN FORMATION
THANK YOU .
After a considerable correction as a running flat , TechM is ready to break the recent high to trade above the all time highs in the uncharted territory. The correction was assumed as a fourth wave correction & the current rise can be considered as the fifth wave.
Buy techm with sl of 1020 for tgt of 1140-50.
TCS looks bullish. Had high volume positive trade in last session. Can be entered to tap immediate average move for a target profit of INR 75 with SL of 54.
I would suggest instead of placing a Target profit order, put the trailing SL order, and this is because USD also seems to be rising against INR and that could further give TCS a further...
Looking at the chart it is tarding exactly on its trendline it's 1st support is around 925 and the most strong support is 900,and talking about resistance it is at 950 which is also one of the pivot point,it may go till 965 and further 982