Nifty information looking good finally on daily chart by breaking a horizontal trendline resistance and looking bullish in setup for coming sessions MACD indicator divergence giving positive divergence signals too on daily chart, That is why I am looking fresh long opportunity in this oversold index stocks..
Cause of Long
1- Horizontal resistance trendline...
add this to your watchlist and wait.
midcap stocks are going to boom.
long term investment; min 70% return
huge potential is there.
investment ;
if you are intrested in investmet, go for it with small risk,
more possibility is there for breakout.
TCS SPOT CMP :- 3366
Counter is trading around resistance zone as per descending parallel channel formation.
counter might face resistance in zone 3364 to 3381 levels,
this range should be used to exit your long positions,
view gets negated above 3422 levels,
fresh investment recommended above 3425 on daily closing basis,
down side counter might retrace upto...
INFOSYS AT 1590 levels is around strong supply zone,
Descending parallel channel resistance around 1610 levels
Horizontal resistance around 1602 to 1630 as per previous swing high levels,
Bearish divergence on RSI with respect to price,
Bearish wolf wave formation, where price are trading above the structure formation which indicate overbought situation...
Hi all, hope you guys are doing well.
Over the last 2 months, we have seen a great rally in the majority of the indices, except one - The IT index. Read this post to find out why I think IT is going to pump soon!
1. The IT index has been strongly underperforming the benchmark as well as all other sectoral indices for the last few months. I have taken the June...
📊 Script: HCLTECH (HCL TECHNOLOGIES LIMITED)
📊 Nifty50 Stock: YES
📊 Sectoral Index: NIFTY IT / NIFTY 500
📊 Sector: Information Technology
📊 Industry: Computers - Software & Consulting
Key highlights: 💡⚡
📈 Script is trading near at its support level which is around 897.
📈 RSI is nearby to its Oversold zone.
📈 script may bounce back from its support level keep...
As predicted last time for IT index to sell at 33850, which was followed by 20% correction in the Index and saved capital there.
Now looking at the market scenario, IT stocks looking one of the best bets in the Indian sector
1) Golden pocket zone of 2020 bull run
2) Bounced from the long awaited channel trendline
3) Taking support at previous support zone of...
Nifty IT Views:
Almost 30% correction from TOP of 39k.
IT sector has long term benefits due to digitization drive taken across globe.
Views: Long Position.
Currently taking multiple support at around 26K, this is previous year consolidation area
Current consolidation range between 26k to 30k.
+ve divergence in RSI.
To estimate down side,...
in bear grip.
Has to cross the bearish level [Marked Red}
Looks still weak..
Important levels are marked.
Happy trading..
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The weekly chart of Nifty IT shows that it has come near the 50% retracement level.
At the same time it shows a positive RSI divergence. This gives rise to chances of a short term upside.
Though confirmation is required as per price action.
the index is at good level of support if it take support here with a good green healthy candle then further we can see a upward reversal
thanking you
HAPPY TRADING
NSE:CNXIT
IT index and IT stocks was pulling nifty down & we are observing the downtrend since Jan 22 but looking like we are approaching to an end to it. A series of up move is expected in this Index.
On an Hourly TF index is bullish above 28k,
On a 4 Hr TF index is bullish above 28.5k
On a daily TF index is bullish above 29k
On a Daily TF index is bullish above...
Almost at the support waiting for it to be broken. The weakness is still continued in IT stocks so better to stay away. I'm looking at the targets of 28000 in coming months.
![CNXIT: CNX - IT [Nifty IT]](https://s3.tradingview.com/o/OHd9IthH_mid.png "CNX - IT [Nifty IT]")
