TCS ON FIRE TCS on fire, breaking trendline.
Buy TCS Active cmp 3284
Target 3340 -3350
SL below 3248 Closing Basis
Itstocks
Nifty IT Sing of strength Nifty IT is suggesting to find better opportunities in IT stocks. The index is showing sing of strength and positive momentum.
Disclaimer - I am not a SEBI-registered technical analyst and advisor so contact your financial advisor and make a self-decision. I will not be responsible for any profit and loss
Happiest minds can make you happy!Happiest minds had given multibagger returns in 2021 and since then, it has been a correction phase in the stock.
Recently, the stock has bounced from a strong support and has given breakout from resistance trendline.
It is a good small cap IT stock with decent fundamentals looking strong for a bullish momentum.
Best buy level for the stock is around 875-880 with SL below 820 DCB and targets as 990, 1150, 1250.
This idea is shared for educational purposes and should not be taken as a recommendation.
ZENSARTECH#ZENSARTECH #Zensar
Is looking very good on the weekly chart. As explained on the chart there are so many good factors that can take the stock to move north. One should maintain the SL below swing of Daily or weekly TF.
TECH MAHINDRA long term analysisTech mahindra , the IT giant which had fallen almost 50% from its 2021 highs has been consolidating in a range from 1150 to 1000 levels for more than 300 days , any breakout on either side will give huge movements on either sides , on upside if theres breakout the stock can test 1400 levels (20%) , on downside if theres a breakdown a big fall is possible towards 800 levels(20%) which is a major long term support for the stock and one should not be missing the chance to buy this stock for long term at 800 levels if comes
PS: All the levels are derived from Fibonacci and Harmonic patterns and very very strong support resistances
NIFTY IT analysis for coming daysNIFTY IT index is currently in a sideways territory , there is high possibility that the levels of 32k to 33k will act as a decider point for trend in coming days , anything sustaining above 32-33k levels will lead to a bullish rally towards all time highs , if index rejects and sees selling pressure from 32k-33k levels , there can be another big correction coming in the index in coming days with possibility of index also going below 25k levels . Currently it is at wait and watch zone (BIAS IS NEGATIVE)
HCLTECH- Bears in Control!Attached: HCLTECH Daily Price Chart Live Market as of 20th April 2023
Pay attention to the following:
1) Formation of a Double Top/ Distribution Pattern
2) A Leading Diagonal Structure marked as ABCDE , so a 3rd Wave Down can play out
3) The Elliot Wave marking signaling end of (B) Wave and (C) Wave Down pending
IT Sector is the Weakest already and there are clear Headwinds from a Fundamental standpoint for IT Stocks
HCL Technologies has Earnings today so you can expect some Big Move on the Short Side
WIPRO analysisWIPRO , the IT giant has consolidated heavily for a long time and has formed a good bottom kind of structure , with weekly candlle showing good buying pressure from lower areas and also sustaining above support of 390 levels , this is looking good for an upmove towards 420-425 levels , with SL of just 2.5% and targets of almost 9% risk to reward ratio is highly in our favour and looks good for a swing trade , Do follow for more trade setups and swing trades
BEAR PENNANT IN TCS TCS is looking bearish now its is making a pennant at top
first they try to trap a buyersfrom the fake breakout at 3500
Level now after a faje breakout contineulsy fallling
Even this stock is in consolidation from jun 22 till now
Between 3500-2990 level
May this tym its break down this level
keep an eye on this
Sonata Software Rounding bottom Breakout with huge volume Sonata Software can breakout from rounding bottom pattern.
Above 754 with Targets of 25% and 35% respectively
This is purely for education purpose
HCLTECH SWING TRADE ON BREAKOUTThis Is A Pure Technical Analysis Of hcltech
1)The Stock Has Taken An Amazing Support At Fibonacci Retracement Of 50% In Weekly And Daily Time Frame.
2) It Has Been Forming A Really Convincing Cup And Handle Pattern And Currently Trading Above Breakout Of The Pattern.
As We Can See In The 15 Minutes Time Frame Picture (please Check The Numbers Marked On The Picture):-
1) The Stock Has Been Consolidating Above Key Support Zone (acting As Support Zone From August 2021).
2) The Stock Is Forming A Triangle Pattern And This Pattern Has A Win Rate Of Over 70%(as Per Google Research). The Breakout Can Be A Triangle Pattern Breakout And A Range Breakout Hence 2 Confirmations That Bulls Are Strong.
3) The Stock Has Formed A Strong Green Candle(extremely Bullish Candle) And Has Closed In The Upper Part Of The Range Above A Key Level(marked On Chart With Yellow Zone)
4) Let The Stock Take A Hit From Sellers (marked Red Zone) And Then Retrace To Take A Support. We Will Enter At The Breakout Of Most Recent High.
ENTRY : 1144
SL : 1100
TARGET 1 : 1200
TARGET 2 : 1350+
Disclosure : I am not SEBI registered.The information provided here is for education purposes only.I will not be responsible for any of your profit/loss with this channel suggestions.Consult your financial advisor before taking any decisions.
NIFTY IT ANALYSISNifty IT made double bottom as mentioned in chart. Now it is near previous high. if it crossed the PH, then 2000 point rally can be seen. otherwise a fall from the red line marked on chart. So we can hold IT stocks if it crosses 30500 level.
techm nse indiaIT stocks are trading in nearby 200dma
using benifits with swing and daytraders,
check it all it stocks.
Infosys : Long opportunityInfosys is facing heavy selling laely, and is approaching good accumulation level. The idea is to target a minimum of 10 percent in the given trade setup.
Divide the entry into two legs. The first entry should have half the units you plan to buy at entry 2.
Levels posted on chart
FSL: BearishStock is falling in an impulsive way. One should go short with SL of 140 and look for the target of 110/99
Mphasis Chart Analysis !!📈 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 Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
holding idea in techmrunning ar a discounted price
taking reversal from 200 DMA
short term channel breakout with big green candle
IT stocks are going to be in focus
NIFTY IT PRICE ACTION ANALYSISNIFTY IT index is currently at a potential reversal point suggested by the XABCD bullish crab pattern and low RSI value on the daily timeframe.
The bounce may be up to 0.382-0.618 fib zone extension of CD.
This doesn't mean IT would reverse its trend from here. Before the budget, it might test important resistance 36750. This might be just a correction for the falling impulse.
So, beware and wait for confirmation before investing.
CNXIT - Long on IT stocks if breaks the pervious highCNXIT looks positive after taking the support from the previous high. Now price returned back to the breakout level and took support and moving up to break the previous high once again.
Traders can target IT stocks which is about to break the previous highs or trading near the highs. . . .
Birla Soft - Rising ChannelOn 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.
Target 502+
SL: 366 (CB)
With Q2 results coming up, good momentum is expected.
BSOFT - 1 D good move expectedBSOFT 1 D time frame - Good move is expected in this IT stock.
Can go for short term if a good candle settle above the marked zone.
Previously it was consolidating in tight range.
NOTE-
We are not SEBI registered.
This is only for educational purpose.
Please consult your advisor before making any trade or investment.
Chance for multi-bagger in IT sector (Small cap)Pros :
Technical: Clear cup and handle break out, BO confirms volume.
Fundamental: Sales increased almost 150%, PAT, Net profit, ROE increased YoY.
Cons :
Debt on equity increased but < 1.
Current Ratio and Quick Ratio also decreased but > 1.
Note :
Chance are very less for pull back so need to do splitting capital allocation. (For example current level 30%, Next retracement-reversal 40% and retracement - BO 30%)
Disclaimer : Education purpose, do your own analysis before buy/sell.
