Happiest Minds Technologies Ltdhappiest minds can be a good bet for long term. once IT sector problem gets normal we can see a upward trajectory.
Itstocks
COFORGE & ECLERX: Two IT Underdogs on the Rise!COFORGE
The stock displayed an Inverted Head & Shoulders pattern, and following the breakout, the price saw a substantial rise, subsequently created another bullish formation called Pole & Flag.
Recently, the price has broken through and is expected to continue its upward trend.
ECLERX
This chart also reveals the presence of an Inverted Head & Shoulder pattern.
Following a recent breakout, the price is positioned for an upward movement.
MAJOR TRENDLINE BREAKOUT IN WIPRO ABOVE 530Wipro is giving a major trendline breakout at the level of 530. It is a signal of long in wipro. We can buy this stock at the current level@535 with aSL of 495 on closing basis. Target will be 590 & 640 respectively in a very short term. More upside potential possible up to the level of 700.
TCS BULLISH BREAKOUT ON DAILY BASISTCS IS BULLISH IN THE chart and can be seen for more up trend 4632 reversal from 4432 can be support for the tcs.
target for upside can be 4632, 4955 in coming future.
stoploss can be 4363 those who are entering after reversal from 4432 so after breakout of 4565 can be upside more promising.
#tcs #itsectorstocks #stocksinthenews #indianstocks #indianstockmarket #bullishstocks #august2024 #recentstocks #stocksintrend #uptrendstocks #uptrend
Tesla (Tsla) Long Swing Idea Weekly timeframe is bullish
Daily timeframe is bullish
4HR timeframe is bullish
50ema is adding confluence
BSOFT: Reversal candidate!BSOFT and other IT stocks are reversing for a new high. Made this chart yesterday when price was near 600. Expecting target of 800-900 in coming months. Some mid term targets are marked on the trendlines.
NOTE: I'm not a SEBI REG. Study before investing.
INFOSYS, Three Soldier Pattern is formed on the Daily ChartWeekly Chart
Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Wipro Technical Outlook | 20-May-2024
Daily tf: Trend Negative, as long as the price is below LTMA Band.
Weekly tf: Trend Neutral, Compression Zone
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Stock to focus this weekThe price has successfully completed its cycle of expansion and compression.
And the price is trading in a small range during five trading sessions.
From these levels the price has a high tendency to move in either direction.
Keep an eye on this stock.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
BSOFT - TREND CHANGED ?Symbol - BSOFT
Birlasoft is engaged in Computer programming, consultancy, and related activities. It provides software development and IT consulting to its customers predominantly in Banking, Financial Services, and Insurance, Life Sciences and Services, Energy Resources and Utilities, and Manufacturing. The Company’s registered office is in Pune. It is part of The CK Birla Group, Birlasoft, comprising over 10,000 plus professionals.
This stock has given great returns to investors as well as traders in last 1 year.
This stock was buy on dips since May 2023 but right now as per technical chart & price action, I think trend is changed from buy on dips to sell on rise as there exists clear Head & Shoulders pattern on larger time frame.
I have made short positions in futures already around 690 level & will find opportunity to sell it on each rise until it breaks 730-735 levels which is H&S neckline. So, My SL is placed above 735.
Targets I'm expecting on downside will be 575 - 560 - 535.
P.S. : Swap markets are now pricing in just one Fed rate cut in 2024. The Fed will keep the rate unchanged at its May 1 meeting. Powell is expected to tighten rhetoric and signal that there will be fewer rate cuts this year than previously expected. If this happens, This will result in strong profit booking in IT stocks specially mid and small caps.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
Accelya Solutions for 60% gainAccelya is a software solutions provider to global airline and travel industry, the sector that is booming more than ever. The stock looks good to attain a mid term target of 2750, also the 1.618 Fibonacci level, visible on the chart. In addition, a cup and handle (C&H) is under formation since Feb 2017 which has a target of 3000+. In any case, a 60% jump is attainable in the next 6 months to a year i.e a minimum of 5% a month.
Remember, the easier it seems, the more it tests your personal traits. This is not a trade recommendation. Please do your own due diligence.
CYIENT: Ready for another ATH?CYIENT is falling but it seems someone is buying the dip and accumulating their position. Expecting some decent numbers today.
Targets: 2260-2460-2600-2700-2820
NOTE: I'm not a SEBI REG.Study before investing.
OFSSOFSS is near it's CUP & HANDLE pattern breakout on a weekly time frame. Stock promises attractive dividends as per the history.
NOTE: I'm not a SEBI REG. Study before investing.
Cigniti Technologies Ltdstock market at bearish
IT stock in life time high
Higher high and higher low for motion
Stock at life time high
Close at life time high with volume
No recommendation for buy and sell
Wipro Emerges from AccumulationWipro successfully breaks out of its accumulation phase, which lasted from June 2022 to December 2023, and shows a strong retracement to the Fibonacci level of 61.80%. A clear target is now in sight, and the momentum continues.
#Infosys Strong Buy#infosys after making Strong Higher high and consolidating.
Best buy at CMP and hold for targets., maintaining proper Stoploss.
good to hold for targets of range 1600/1700/1800.
use your own technical analysis before any trade
BIRLASOFT Strong Bullish ContenderBirlasoft is very strong at the moment. Breakout and have follow up candles.
In the recent fall, IT stocks are holding strong at the moment.
follow the levels for PriceAction.
Targets are in Charts
LTTS BULLISHIrrespectivev of Market fall.,.
the stock is holding the levels.,. which shows signs of bullish rally further.,.,
Follow charts for the target
OFSS up-move incomingOFSS has broken out of a great pattern. It had also formed an Inverted H&S pattern and has given a clean breakout with good volumes. Have a long bias
Wipro is Forming Cup and Handle Pattern ready to Blast Wipro is looking Good
Wipro is done too much consolidation and Heading toward Breakout of Cup and Handle Pattern
CMP is 434
Breakout Level is 448
Above 445 if it sustain it will easily Go Towards Target of
480-510
TCS: Another Leg of Impulse is on the wayStock has given a sharp downside move few weeks ago in an impulsive manner. After that stock has bounced back sharply in a three wave corrective structure and halted near 61.8% fibonacci retracement level and retreated lower.
Stock is likely to fall towards 3300 and 3200 in the coming weeks.
CAMS Stock: Still in Correction, Wait for Wave 5 to CompleteNSE:CAMS is currently in a correction phase, according to the Elliott Wave Theory. The stock has completed wave 3 of the correction, and wave 5 is yet to complete. This means that the stock is likely to continue to decline until it reaches the Fibonacci level of 0.618, which is around ₹1,863 per share. Once the stock reaches this level, it is expected to start a new uptrend.
The Elliott Wave Theory is a technical analysis tool that uses wave patterns to predict future price movements. The theory states that stock prices move in five waves, with three waves up and two waves down. The waves are labeled as A, B, C, and so on.
In the case of CAMS, the stock has completed wave 3 of the current correction, which is a downtrend. Wave 5 is yet to complete, and it is expected to be a downtrend as well. The Fibonacci level of 0.618 is a common support level, and it is likely that the stock will reach this level before it starts to rally again.
Therefore, investors who are interested in buying CAMS stock should wait until it reaches the Fibonacci level of 0.618 before they buy. This will help to ensure that they are buying the stock at a good price.
TCS ON FIRE TCS on fire, breaking trendline.
Buy TCS Active cmp 3284
Target 3340 -3350
SL below 3248 Closing Basis
