Nifty IT triple top formation..Now may go down Nifty IT triple top formation.
Nifty IT may go down from here..
Niftyit
NIFTY IT Index : Weekly BreakoutNifty IT index has broken above the weekly highs which also the resistance.
And MACD is also breaking out higher.
Looking for Infy, TCS & HCLTech to go long !!
Already above Breakout : Infy , HCLTech
niit tect stick to the planStick to the plan
As per the plan
now 1455 is strong support until there is any bad news in the market
buy on dip especially near 1452-1447
break-out and a long spike after price 1504
Tip: follow the channel
TCS looks bearishtcs looking bearish till 2142 ,
if taken support ,targets - 2176 , t2 - 2221
if broken 2142 level , downside target is 2120 , will take support from that level
2120 CAN be an demand zone . buy at those levels
NIFTY look for shorts at resistance i've markerd the support and resistance levels .
trade according o your setups at these crucial zones
NIFTY IT is bullish for another 7-8% moveThis is to support our idea of TCS idea (both for educational purpose)
We will see some good move in IT Stocks
CNXIT - NIFTY ITHi all,
focus on it stocks, Currently it formed flag pattern .
As per fib level of 3.618 is matching with previous resistance @ the level of 16140.
So expected moving points are 600 points from current level of 15545..
So Focus on IT Stocks. Next week some IT Stocks are in result..
Wipro - 14th July.
Infosys - 15th July.
L&T Infotech - 15th July.
HCL Technologies - 16th July
INFY - July Options idea - NIFTY ITPls refer chart.
800 CE @16.00
760 CE @8.70
700 PE @4.70
650 PE @1.25
TECH MAHINDRA LONGAt the lower trend line, showing signs of a bullish move. Keep stop loss at lower trendline around 535.5. Target 1 at 572 and Target 2 at 609.
Nifty ITNifty IT Break Ascending Triangle pattern .if it Sustain in Monday then add IT Stock in your watchlist For Buy Side.
Buy mindtree 947-950 Technical Trade:- Price consolidating above and taking the support of 50 DMA. up days are on higher vol and down days are mostly below average daily volume. I will look to buy between 947-950 with a dynamic SL, which will be decided as the trade executes.
Low Risk (0.5%)...High Reward (upto 7%)....TCS...Intraday SetupIntraday Trade Setup (04-May-2020):
Case-1: If it break 1980 level, go for SHORT
Enter: 1980
SL: 1990 (0.5%)
Target-1: 1940 (2%), Target-2: 1910 (3.5%), Target-3: 1850 (7%)
Case-2: If price sustained above 1990, go for LONG
Enter: 1990
SL: 1980 (0.5%)
Target-1: 2050 (psychological, 1.5%), Target-2: 2070 (4%)
Nifty & NIFTYITNifty is making a Cup & Handle in lower time frame, a breakout level coincides with the Bearish AB=CD between 9600-9650 which I had already suggested as a possible level in my previous tweets, view would go wrong below 9100. At the same time NIFTY IT in hourly is on the verge of an IHS breakout which suggest 13500 as a probable level. Both suggested levels could be the culmination zones for now at least for the bounce which started from 7500.
