WIPRO , 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...
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 can breakout from rounding bottom pattern. Above 754 with Targets of 25% and 35% respectively This is purely for education purpose
This 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...
Nifty 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.
IT stocks are trading in nearby 200dma using benifits with swing and daytraders, check it all it stocks.
Infosys 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
Stock is falling in an impulsive way. One should go short with SL of 140 and look for the target of 110/99
📈 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...
running 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 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...
CNXIT 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. . . .
niit ltd big breakout cmp @ 481 avg level @ 435 sl @ 385 tgt@ 540/600
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. Target 502+ SL: 366 (CB) With Q2 results coming up, good momentum is expected.
BSOFT 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.
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%,...
NAUKRI Sell-Below 6200 Sl-6400 Target-5880 5386 After Pullback from 6200 if stock crosses 6200 we will open our sell position. As there is pullback expected from 6200 as per our ABCD harmonic pattern in hourly timeframe>
COFORGE is following the parallel trendline from May, now the stock give the good correction in the last two three days. . If stock break the trendline on downside, you can make the entry in this entry point 5335. . Our Target will be 5220. . What's your view on this comment below in the box