NSE:NIFTY WAITING FOR SOME PERFECT MOVEMENT IN NIFTY can see a last led up before a good whole fall again waiting for some sort of confirmation can even break the parallel channel as well
Techm - again giving insider bar breakout after 8 weeks of consolidation in mother bar, expect some very good momentum in it in coming days
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.
MPHASIS looks good above 2300 for the target of 2425 with SL 2170. Gain 125 Swing trade.
INFOSYS chart indicating bull rally by forming INVERTED HEAD AND SHOULDER pattern. One thing to notice that trend reversed from its Fib retracement golden ration 0.618. Breakout with high volume needed above 1517-1520 to keep trend continue. TARGET 1677 SL 1405
WIPRO based on 15min chart pattern as per my post 25.07.2022 was in Make or Break on 26.07.2022. Today it has broken and heading to fill the gap @ 394. Below 401 then Target 394 Happy Trading to all...
Bears managed to drag the indices to expire below key psych levels. Banks and IT both seemed weak. What's your view?
The Bullish Harmonic pattern is in process of completion with PRZ at 26,650-26,800 zone. The reversal from PRZ with take index above 28,000+ levels while the pattern negates on close below 26,390.
This sector has completed corrective waves as wave A-B-C and now possibly wave X has been started as a retracement, Once it closes above 20DMA (middle Bollinger band on daily chart), then it can show good strength and go towards north directions, up to 38.2% of whole recent fall as wave A-B-C. Some price actions and some indicators are suggesting reversals after...
As many IT Stocks are falling. Hence Nifty IT is in Downtrend. We can expect reversal around 0.886 BAT Level.
Infy buy Positional in cash or fut Target 1780- 1800- 1845- 1900- 1925-2050+ Sl below 1665 Option players can buy 1760 CE trading @ 19.55 rs Target 35- 50-70-85-90+
Nifty IT is taking support at 61.8 Fib retracement. I am taking pivot of 8 March 2021. if it further test this level and break this level it can bloodbath. So be cautious in IT sector with strict stoploss. Please consult with your Financial adviser before any decision. I am not sebi registered. It is only for educational purpose only.
CNXIT has been moving within a box range since 30th May 2022. It had broken out on the upside briefly on 3rd June before moving into the box again. Resistance at 29972 while support is at 29060.
NSE:MINDTREE 📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns. 📌 That Dash Line Is Called...
Pattern Name : AB=1.272CD Before you going to buy IT stocks You must see NIFTY IT That’s Why This analysis Entry Points :( 28663.40-27898.35 )
Pattern Name : AB=1.272CD Before you going to buy IT stocks You must see NIFTY IT That’s Why This analysis Entry Points :( 28663.40-27898.35 )
Mindtree Support At 2700 beautiful range here for Short capex Cmp 2925 strong support for the mindtree along 2700 zone
as you can see nifty IT daily chart , it taking support at trendline . and it also broken all pivot lines support levels . if weekly close below trend line may dangerous and also it may take next support at 29800 if it continues . whoever investing now can work with small SL . do research & learn . it also forming CUP & HANDLE . do like my idea if you agree .