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
The chart is pretty much self explanatory. LTI seems to be in a good position to buy in dips after heavy discounting by market due to soft quarterly results. Key RSI level and FIbonacci retracement indicate a short term comeback, even if short lived. EMA 200 seems like a good lvl for next dip accumulation. Not an Investment Advice. I am just curious to see...
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...
📈 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...
PERSISTENT FUT BUY@4200(ABOVE 4195 ONLY) STOP@4100 TARGET@4300-4350-4400 *this view is my personal view trade with strict stoploss *view may differ from others so trade with solid mind *once in profit and first target is achieved *trail your trade *do not overtrade *for more index and stock updates check the link in the signature box below *early analysis...