📈 Tech Mahindra 📉 My Findings :- 1. Breakdown of Strong Support Zone. 2. Lower High and Lower Low Formation. 3. Close Below Seven Months Low. 4. IT Index also week. Check Chart below. Bias- Short Target- 1175 and 1046 SL- 1429 RR- 1: 2 IT Index Chart :- All Important Supports and Resistances are drawn in chart. All levels are on closing basis. Please have...
📈 Wipro 📉 My Findings :- 1. Breakdown of Support Zone 525-530. 2. Close below Nine Month Low. 3. Whole IT Sector is showing Weakness. Bias- Short Target- 460 and 399 SL- 543 RR- 1: 4 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 Decision...
📈 MindTree 📉 My Findings :- 1. Breakdown of Support Zone 3550-3600. 2. Close below Seven Month Low. 3. Whole IT Sector is showing Weakness. Bias- Short Target- 3200, 2900 and 2500 SL- 3898 RR- 1: 2.5 All Important Supports and Resistances are drawn in chart. All levels are of Spot and on closing basis. Disclaimer : Consult Your Financial Advisor Before...
TANLA is looking for a great buying opportunity for the move to the upside after having 45% correction. Expecting first TG to reach at 2100. Second TG 2700
📈 CoForge 📉 My Findings :- 1. Breakdown of UpTrending Trendline Zone. See Below Chart. 2. Lower High and Lower Low Formation. 3. But IT Index at Support. To get more confirmation can be waited till IT Index Breaks down. Check IT Index Chart below for reference. Bias- Short Target- 3439, 2751 and 2390 SL- 4565 RR- 1: 3 IT Index Chart :- All Important...
NSE:WIPRO is a giant company from IT sector in daily time frame Wipro is making rounding pattern, which Wipro follows very strictly so, one can add this stock for short term targets of 680 and 720
INFOSYS on it's important support and RSI oversold.
📈 Infosys 📉 In the market where every sector broke all important supports, IT it still holding and it shows relative strength of sector. Infosys is breaking out from a triangle after testing multiple support zone of 1665-1680 since September 2021. On Buy Side I am looking for 1800-1820 zone as first target then followed by 1900-1940 zone. All Important...
📈 Mphasis Ltd. 📉 Mphasis Ltd. broke out from a downtrending trendline zone after testing three times and it was inside a beautiful triangle pattern as well. Yes it has closed at high of Fab and March too. So I am biased on long side. On Buy Side I am looking for initial Targets of 3548. StopLoss should be kept at 3250. It offers 1:2 Risk Reward. All Important...
TCS,thalaivan is back to form makkale.Let's make use of it.If u liked my ideas kindy follow and comment your thoughts in the comment section and as i always say, whatever we do must follow risk reward and money management.
Nifty It has been showing no particular direction for the past week, sometimes on a solid green day it manages to fall and sometimes seeing Nasdaq it seems to gain some points but what is the real direction of this sector? I have taken the top 5 Nifty I.T stocks that have the most weightage in this sector and have analysed them. Below are all the top 5...
NSE:WIPRO The stock has formed triangle pattern on hourly time frame risky can enter at current levels and wait for the breakout with a stop-loss below 557
Buy on CMP... Stop loss and target as shown in the chart.
Whenever price goes up trail your SL as low of swings. Buy on CMP ...SL, and TGT as shown in the chart.
NIFTY IT index is currently at a potential reversal point suggested by the XABCD bullish crab pattern and low RSI value on the daily timeframe. The bounce may be up to 0.382-0.618 fib zone extension of CD. This doesn't mean IT would reverse its trend from here. Before the budget, it might test important resistance 36750. This might be just a correction for the...
TECHM gave a breakdown from a rising wedge pattern which is a bearish pattern. Most of the time first it gives a fakeout and then a breakdown same happened here today in tehm RSI going weak MACD going bearish. You can make your short positions on a retracement or pullback
entry- near and above 21.40 if retest occurs. Taregt -29.20 Sl-18.40
Birlasoft : A fundamentally strong IT Company with a good chart setup. This company has given some excellent returns previous year. It has formed a bullish pole and flag pattern in 1h time frame. The stock is trying to go up and it can go up with the current market sentiment. Keep an eye on this stock.