Itsector
COFORGE TRADE SETUP FOR TOMORROWAs you can see in the chart, COFORGE is consolidating from last so many days,
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Today the stock has given the breakout, so for tomorrow if stock goes above 5490, you can buy this trade for the target of 5600,
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You can see in the chart stock has made the same pattern in the previous day's.
SHORT TERM VIEWLOGIC,LEVEL AND TARGET WELL MENTIONED IN THE CHART
NOTE -The above interpretation from the chart is my personal view and doesn't guarantee any success.
(Do talk to your financial advisor before making any investment decisions)
please like, share and comment if you have any suggestion regarding this analysis.
Wipro, fundamentally bullish, T= 700+Wipro along with the whole IT sector has been correcting and now consolidating from the past 3 weeks. After stellar performance in the second quarter of FY 2021-22, IT sector is preparing for another bull run. This time along with TCS, Infosys and Wipro will also make new highs.
My choice for short term and intraday is Wipro, CMP 660/- for targets of 684, 720 and 760 (in the coming month).
Price Action SetupLOGIC,LEVEL AND TARGET WELL MENTIONED IN THE CHART
NOTE -The above interpretation from the chart is my personal view and doesn't guarantee any success.
(Do talk to your financial advisor before making any investment decisions)
please like, share and comment if you have any suggestion regarding this analysis.
Route Mobile Possible Breakout - Multiple TriggersBollinger band - Stock is much stronger than previous candles at the same level acc to standard deviation
Multiple trendlines breakout possible on closing basis as well as all time high.
Also, there has been a good correction in IT sector, and can show recovery now.
IT to loose some steam Sharing only for the purpose of learning.
IT sector may lose some steams after this wonderful rally.
Fibonacci Projection as shown reached the 1.414 levels in a single rally.
Few stocks showing some retracement signs on charts.
It can retrace or again start his journey again as few stocks still seem very strong on charts as below.
- TCS - Mindtree - OFSS - TECHM.
Stocks that can retrace can be as below.
- COFORGE - LTI - MPHASIS - WIPRO.
This is only for the learning purpose watchful for the monthly expiry and sept month for IT sector. As FMCG now can come forward in this situation to move market UP and smalls Hopes from bank nifty to keep market eventful for September series.
Share your thoughts regarding this in a comment.