INFY Trade Setup For Week As of Now My View With IT SECTOR is BULLISH...
INFY Took Resistance 1588 and then we see Profit Booking which was expected after BOOM in ITSECTOR
No we Have Some levels for NEXT WEEK ...
If infy take SUPPORT from TRENDLINE which is near- 1552-1556 then we will take trade for target of 1588
and if it broke the TRENDLINE then take trade at 1540 and target will be 1588
if infy not sustain on 1540 then we will go for agrresive short levels are mentioned on chart
Follow For Ideas And Do Like...
Itsector
Mindtree Again Up Move Possible...As We can See Mindtree Formed the ASCENDING TRIANGLE PATTERN this is Bullish Pattern which shows that the stock made good base and ready for up move ..
Buy Initiate Above- 2745
SL - 2715
Target - 2750/2790
Do Like And Follow For More Ideas
MINDTREE GREAT MOVE...Intraday Simple Price Action Setup
Buy Above - 2710
Short Below- 2683
SL - Own SL
But As of now my view is still bullish on this sector ..
Tommorow it might give another upmove...
Happy Trading...Safe Ur Capital Use it Wisely
techm selling sideHello guys i had find this selling setup in 4h timeframe which is at good resistance area and we have a good high risk to reward setup we can sell from here with the sl at above resistance and below channel tg also plzz do your own analysis before taking any trade if you like my analysis plzz like share and follow thank you
ZENSARTECH: The multi bagger, Fundamental and Technical AnalysisZENSAR is an IT company that consists of multi-stream businesses. It operates two major segments one is application management and the other is infrastructure management services.
Overview-
Revenue Split:
Major revenue comes from USA 70%, Europe 16% and 11.2% South Africa. Their clients are from the USA, UK & EU, Africa.
Revenue in Q4 FY21 clocks at 494m with
EBITA (earnings before interest,tax and amortisation) is18.7m
PAT (profit before tax) is 9m
ZENSAR top clients 20 out of 35 serve 63.8% of their revenue.
Service Area:
Banking and financial services
HI-TECH Manufacturing
Insurance
Retail and Consumer Services
These are basic things...
Recently company acquires M3bi LLC who's revenue is 26.7m. They acquire it because they want to Strengthen the capabilities in Data Engineering & Analytics and Advanced Engineering Services
Quantitative:
IRR is 122% in the period of 2017-2020
IRR has been decreased and affected due to covid 19 in the year 2020
Net profit is increased by 14% from 263Cr to 300Cr
Sales have been decreased by 9.60%
Important factors:
1. Company debt to equity is 0.15 very less positive.
2. ROE is 15.1% in the stage of lowest market capitalization in the IT Sector
3. Price to book value is 2.91 lowest among top 25 companies of the IT Sector
4. P/E ratio is double surpassing in the Sector only 2 companies have P/E ratio of 20.4 while their peers have very high P/E which leads to high premium.
5. Reserves has been increased fairly
6. Form last 2 days DII's Including DSP M.F and Nippon M.F invested heavily.
Technicals:
1. Price is in the trending phase with no distributions and accumulation zones
2. Price is consolidation in the structure of Cup & Handle on the verge of their all-time high
3. Relative strength on 1D & 1 Week is nearly at 1-2 with a positive range
4. Below Critical demand zone it'll severe to your investment
5. Short-term target is 12.08% long term is with 38%
4. For the long term It depends upon their subsidiaries either it'll become multi-bagger or not.
Conclusion:
The stock has a very high potential of gaining 150%-to 200% according to an IRR of 122% between 2017 to 2020. Since June 2020 growth has been affected
I haven't given views on the qualitative side as everyone has their personal views on at what level management holds their skills to drive the company to its higher potential.
That's it!
Let me know in the comment section what's your views on this?
TECHM: Prepared for news highs After a considerable correction as a running flat , TechM is ready to break the recent high to trade above the all time highs in the uncharted territory. The correction was assumed as a fourth wave correction & the current rise can be considered as the fifth wave.
Trading strategy:
Buy techm with sl of 1020 for tgt of 1140-50.
TCS: With lower risk, and average profit, TCS can give 2.65%Hello Traders,
TCS looks bullish. Had high volume positive trade in last session. Can be entered to tap immediate average move for a target profit of INR 75 with SL of 54.
I would suggest instead of placing a Target profit order, put the trailing SL order, and this is because USD also seems to be rising against INR and that could further give TCS a further upward move.
Enter TCS: At CMP (between 3250 and 3280 depending on how it opens)
Target profit: Rs 75
SL: Rs 54
INFOSYS SETUP FOR SWING TRADINGINFOSYS can give Breakout.
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Breakout level is 1400.
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Rsi is around 67 so it's not is overbought zone.
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You can enter in the trade After the Breakout of 1400.
Infosys can make the New High.
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4th Quarter results is also declare in the April. So it can also Effect this share.
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You can give your suggestions in comment box.