Infosys has completed an expanded flat correction. The current price action suggests that stock is rising up in an impulse manner having the first wave as leading diagonal. One should go long on current levels with the SL of 1655 for the target of 1780/1820
On a Daily Time frame, the stock is stucked in a channel.
The Chart levels are self explanatory, once a stock comes out of a channel, a rally of 8-10% can be seen.
SL: 366 (CB)
With Q2 results coming up, good momentum is expected.
Bollinger 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.
After forming a temporary top near 1548 zone , the stock has given an impulsive fall. This suggests there should be a zig-zag correction. One should buy the stock on current levels with SL of 1370 & look for a target of 1455-80 zone.
Tech Mahindra Share consolidating after a good upward momentum.
We can see the continue upward momentum once it cross 1480,
Our short term target is 1520.
What's your view on this comment below in the box.
Breakout by Bluechip #bbb
HCLTECH gave breakout from this pattern with avg. volume and we saw a retest with good volumes.
High volume than the breakout candle.
This is not a good indication.
Retail traders may get trap at higher levels.
Waiting for the strong indication of bullish trend is the best option for now.
Nifty is near all time high.
I will not expect...
Cigniti Technologies making Higher Highs & Resistance Breakout with good Volume. We can go for Buying at Retracement levels for Swing Trade.
TGT 1- 616
TGT 2- 680
-> Always Enter With good confirmation & Maintain proper Risk Reward.
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Looks good for a quick option.
Take trade as per the values given in Fibonacci. always trail the stop loss. do your own analysis before taking trade
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Check these successful trades & approach on Britannia , Mothersonsumi , DLF , Biocon , Daawat , Infosys , HBL power , HDFC life , Hind ZINC given below
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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.
Buy techm with sl of 1020 for tgt of 1140-50.
Small pole and flag forming in TATA ELXSI. Wait for a break from the upper end of the flag for a target of a 3920 near 52 W high and stop loss of 3400. If it breaks below do not enter. Wait for it to reach 3400ish levels.
Make sure to trade what happens and not what you expect :)
Note: Please do not follow my idea blindly, please analyze yourself as well. I just...
My idea about TCS is clearly visible in Chart.
You can see a Ascending Triangle Pattern formation. Its mostly known for a Positive direction breakout.
We have a lower ascending trendline which is also acting as a support line. You can see Higher lows. Whenever there are higher lows we can say stock is in Up trend.
Upper horizontal trend line is resistance line,...
Any Dip upto 450 can be good opportunity to accumulate the stock for a initail target of 620-640.
Disclaimer: I am not a SEBI registered or authorized analyst.
The charts/levels/stocks posted will be only for educational purpose and not a buy/sell recommendation.
I will not be responsible for your any losses & profit. No any kind of legal actions will be...
HOW TO FOLLOW ALGO SIGNAL:
1.Strictly use only on 1 hour time frame.
2.Wait for a ‘X’ sign before mind make up. A red ‘X’ means look for selling opportunity , a green ‘X’ means look for buying opportunity.
Taking a position:
3.Wait for an arrow before entering into any position. A red arrow on upside of a bar pointing downward means open...