Wipro formed Inverted Head & Shoulder Pattern in Weekly time frame. Below 376 goes fall, Above 452 trend reversal possible.
#NIFTY50 GLOBAL MARKET : Mild Bullish Nifty : 1D - Mild Bearish : Strong support at 17600 & Resistance at 17800 . If Nifty breaks, close and cross above 17800 in 1hr candle then look out for 18000. Sectors To watch: IT, Pharma. Stocks : #canbk, #sbin, #TechMahindra
Wipro has corrected 50% from its all time high And now it has also broken important support zone it is heading towards 320 to 300 support zone
INFY is going down in Channel expecting wave 5 to go near 1354 & then 1278. if the price breaks the invalidation level (1465) then the whole markings are invalid.
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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...
All the IT stocks are trading at discounted prices good time to enter, stop-loss, entry, target, mentioned in the chart
Wipro from past days taking the support of level 400 and jumps back to make a bull run but from the past days it makes the DESCENDING TRIANGLE PATTERN which is a bearish pattern SELL SELLING below the level of 400 can lead it up to 380--350 level on the lower side. BUY Buying is gonna be risky from this point but taking support of level 400 can push it to...
IT sector Analysis. How to find stronger stocks with momentum in strong sector.
Tech Mahindra Stronger in IT Sector. It is the example to good momentum better than sector average.
IT Sector Breakout. After long time reversal sign can be seen in IT sector..
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...
Infosys has given a range breakout of Head and Shoulder Pattern , and we have got a closing also outside the range, so this is a good price and time to enter LONG. Risk Reward should be at least 1:1
Infosys' long-term trend is very strong, it takes bounces from the 1400 level which is 38.20% of Fibonacci retracement with solid volume
Will IT index bounce from the support zone that is seen retested on. weekly charts ? There is a momentum bullish divergence see on RSI that could cause a medium term reversal after a major correction happening across the IT stocks? potential for mean reversion trade do exit. However a close watch on what Nasdaq does now is also crucial which currently hanging on...
Buy info edge Above 4000 SL 2900 Tp mentioned in red lines
June week 1 Price 25% dip from CMP and 30% dip from ATH Monthly support of 20EMA, Weekly Support of 100EMA. Wait for Daily Supertrend to change to Green(Buy), Passive : Accumulate ITBEES/IT MF #keepITsimple
📈 Mphasis 📉 My Findings :- 1. Breakdown of Support Zone 2850-2900. 2. Close below Six Month Low. 3. Whole IT Sector is showing Weakness. Bias- Short Target- 2600 and 2300 SL- 3037 RR- 1: 1.5 All Important Supports and Resistances are drawn in chart. All levels are of Spot and on closing basis. Disclaimer : Consult Your Financial Advisor Before Taking Any...