NSE:WIPRO
As we know IT stocks already fallen much now we might see up move for swing, but we should even keep this in mind that we have budget ahead so better to take entry after budget for swing but before that we can go for intraday trades if find reversal for long.
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of...
Whenever in the past 20 years IT index RSI tested 70 after making an high, always followed by a average correction of 20-30%
Index broke the rising channel, retest levels will be 27-28k that's a ~20% correction expected before making another ATH
NSE:LTTS
📌As we know IT stocks already fallen much now we might see up move for swing, but we should even keep this in mind that we have budget ahead so better to take entry after budget for swing but before that we can go for intraday trades if find reversal for long. Even this stock has one big gap is there, so it might fill that as well if find reversal for...
NSE:MINDTREE
As we know IT stocks already fallen much now we might see up move for swing, but we should even keep this in mind that we have budget ahead so better to take entry after budget for swing but before that we can go for intraday trades if find reversal for long.
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One...
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. . . .
NIftyIT index after a bull run in last few trading session has corrected to 38% fib retracement and has taken good support here today ..
Tomorrow's session will be important to see if this is just a healthy correction or we can have more downfall
The I.T sector move has been exhausted and now it seems to me that the scripts will be touching their retesting levels before gaining momentum again.
Right now it's time for the finance sector to boom.
The RSI is weak
MACD below signal Line
Volume profile shows targets can be further below.
Sell Below 1780 (Wait for a small retracement)
Targets mentioned in the...
Stable Revenue and ROCE Stream - Software and Services stock model tracks stock related to software and services industry.
Selection Process
A backtested stock selection model has been used to select underlying stocks. Stock model analyze stocks where 5Y Avg ROCE is above 11%, market cap is greater than 500 and revenue for last 5 year is growth trend and...
NSE:CNXIT
As we can see, nifty IT sector chart heading towards resistance here we can not say that all it stocks will fall but some of them whichever at resistance might fall a bit for sure if this harmonic pattern will be respect by price then only.
This chart is just for aware that is sector heading towards resistance, so new long entries we should...
Nifty IT likely to consolidate between ALT and 38870 range
Note: I'm sharing my views on Nifty IT for educational purpose only, Please don't take this as a trading signal/call.
