TCS has given a breakout today & it's also at a good level to catch Why TCS over all other IT Stocks NSE:TCS Reason: Strength When all others were in sell-off facing selling Pressure. It was the only standing man. Where the candles were forming was quite demanding. Similarly, I've told some stocks in the Nifty Infra setup NSE:ULTRACEMCO NSE:GRASIM ...
Although 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...
The stock was recomended with strong pattern and my best W pattern watch the video & know why I was so bullish on Persistent Systems!
From 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...
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...
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.
I daily make educational content videos for financial markets
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