As you see the price it is struck inside the rectangular darvax box pattern as same as Nifty IT index.
Nifty IT index has made breakout the resistance and hit ATH, the same way we are expecting the HCL also break the upper resistance and enter into uncharted territory soon
NIFTY IT, overall in very strong uptrend, now moving in bullish wedge.
And also in smaller time frame if you will see it is moving in symmetrical triangle.
Wait for the symmetrical triangle breakout to take buy trade on IT stocks.
We all know in stock market, future is the repetition of past. Kindly take a look and decide what you think? Many events are
happening around us giving sign of beginning of this fall. Don't forget to comment. Thanks.
Tech Mahindra can be used for a good short set position depending upon the price action. The closing price today (25 May 2021) was at a very interesting point. At 15 min time frame, it closed below 50 EMA but took support from the trend line. Short intraday position can be taken if a 15 min candle closes below the trendline with a target till 200 EMA and stop loss...
A Symmetrical triangle is a clear cut indication of consolidation followed by a breakout.
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for...
note guys this is not a buy recommendation
sell side below 800 level
💢forming descending triangle
💢interesting buy from promoters in the last year
💢expecting an upside breakout
about the company
✨Accelya Kale Solutions Is a Software solutions provider to the global Airline and Travel Industry.✨
As one can see stock at harmonic PRZ one can long from this level with the stop loss as mentioned on chart. please do your own analysis as well before trading or investing.
Be Independent Trader.
Learn Apply Grow.
******whatever charts or levels sharing here are just for educational purpose only not a recommendation....
As you can see in the chart. If we crosses above resistance of horizontal trendline marked in the chart we can see huge upside movements in the coming week. Keep a look at the nifty IT sector in the coming couple of weeks.
if you know reversal trading then only trade on this chart , as one can see there is mentioned reversal zone and stop loss.
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them....
MINDTREE has more steam to make newer highs. With Nifty IT getting stronger previous winners has strong chance to lead next bullish run. But it again all depends on broad market performance in coming days. Overall Nifty50 and Nifty500 is not doing good therefore hopes are low on other indices too.
55D Nifty price change: -4.02%
Wipro has entered long term upward parallel channel after existing a downward trend.
55D Nifty price change: -4.02%
55D Nifty 500 price change: -1.88%
55D Nifty IT price change: 1.20%
55D Stock price change: 9%
Stock is beating Nifty50, Nifty500 and Industry benchmark and developing good setup. Entry at highlighted entry points can be...
Nifty IT has entered a long upward parallel channel and may follow it in coming days. RSI showing weakness therefore it is very much possible index breakout of parallel channel and further consolidate within the rectangular range shown in past few weeks.
Please do leave comment and share feedback. Any feedback is welcome. Thanks.