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Is buyer getting control around the support zone? - BSOFTAlthough the price of Birlasoft stock is clearly falling, it is currently trading near to its weekly and monthly support levels. The weekly and monthly support zones are where the stock is most likely to find solid support, and it is also where it is most likely to climb upward from. The fundamentals of the stock are also very strong and have released recently good results. Please like it if this analysis was helpful to you, follow me for such analysis and share your thoughts in the comment section below. Thank you.
NSE:BSOFTLong
by AfnanTAjuddin
2
Infosys (Infy): Positional view on this IT giantFrom among the IT Pack, Infy is the one I'd love to keep a watch on. From the high to a 30% correction, the stock is slowly inching its way up. Forming a double bottom pattern, the current price is hovering near the neckline. Positive with initial targets of 1750, 1900 and 1950. Above 1950, we can expect good move upwards. The stock has strong support at around 1400 - 1350 levels, having pulled back up from those levels. As always, keep a SL at 5-8%. Note: Not a buy/sell recommendation. Do consult your investment advisor and due diligence.
NSE:INFYLong
by TheUnlearningOne
2
HCL TECHNOLOGIES HCL TECHNOLOGIES has beautifully taken a support at 0.5 Retracement level and its 200 Weekly Exponential Moving Average. If we try to see the importance of 200 Weekly Exponential Moving Average for HCL TECH, then you can observe it has been rarely been broken by HCL TECH(Year 2008 & 2020 shown in the chart). Rest of the time when market is not in a panic mode HCL TECH respects the 200 EMA quite precisely(Year 20212 & 2016 shown in the chart). Currently HCL TECH is taking support at its 200 EMA, 50% Retracement level of its Covid rally and a RSI Divergence has been formed at this official level. For short term a target of 1070 seems good from the Current level. CHART & ANALYSIS ADARSH DEY
NSE:HCLTECHLong
by AdarshDey
Mindtree LTD About Mindtree is an international Information Technology consulting and implementation company that delivers business solutions through global software development. Sector : IT - Software Industry: Computers - Software - Large Market Cap ₹ 51,070 Cr. Current Price₹ 3,089 High / Low ₹ 5,060 / 2,649 Stock P/E 28.7 Book Value ₹ 349 Dividend Yield 1.20 % ROCE 41.5 % ROE 33.8 % Face Value ₹ 10.0 PROS Company is expected to give good quarter Company has delivered good profit growth of 31.6% CAGR over last 5 years Company has a good return on equity (ROE) track record: 3 Years ROE 28.6% Company has been maintaining a healthy dividend payout of 32.6% Company's median sales growth is 17.5% of last 10 years CONS Stock is trading at 8.85 times its book value
MLong
by TradeWithAplus
Wipro : RSI Bullish Divergence Let's understand the RSI Bullish Divergence before we take it into account. RSI Bullish Divergence Like all indicators,Divergence also fails sometimes, Success rate of RSI Bullish Divergence is 40-45% for Trade RSI Bullish divergence will provide good accuracy in Daily Time Frame . As per my view avoid shorter time frame anything below 60 mins RSI Bullish divergence is formed in Bearish Market or Bearish Price Structure ,It will hard to find in Bullish Market Trend or Bullish Market Structure Let's decide whether this Bullish divergence of RSI will work for us or not RSI Bullish Divergence Appeared on Bearish Price Structure - Looks Positive for Trade Price has fallen almost high from 613 to low from 390- Looks Positive for Trade Volume trend has been strong over the past few days - Looks Positive for Trade Trade Set Up Stop Loss Should be the recent low which is 390Rs (Lower Low Point) Entry Point Should be the recent high which in 430 Rs (Lower High Point) Target 480-490 Happy Trading ! Support Trading Community !
NSE:WIPROLong
by TheNewsCrypto