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.
Date: 05 April 2021
Time to shift in IT sector as the results will be declared from next week onward. The Nifty IT index is showing a possible breakout on the symmetrical triangle pattern. It indicates that IT stocks will be the top pick in April 2021.
if stocks go below current candle one can short as per their intraday trade setup and one can go for swing short after such conformation.
******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. we are...
Nifty IT - 03-03-2021
In the monthly chart, the IT companies faced profit-booking in Jan as well as Feb after touching the resistance line placed at an all-time high. Candle of march is looking strong and again this month it can try to break the resistance line.
go long if find reversal at PRZ.
******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. we are not SEBI registered.