*Flat Base formation & previous resistance breakout in HCLTECH. *ALL target & support level mentioned in the chart.
1) Wait for breakout and retest for accurate entry 2) If gap-up confidently take long 3) If resistance is strong , no trade . 4) 2 targets ate given , safe book at 1st target , trial to 2nd target if you’re an active trader .
Disclaimer: This not a stock recommendation, just sharing my views
Wipro Took channel support and gave resistance breakout It looks good above 355 levels (Green Line) View Negates below 347 levels if gave candle closing below channel support
The stock is trading in a descending triangle. Wait for the breakout. CMP: 1319
NSE:CNXIT Things need to watch on NIFTY IT
NIFTY IT trading idea for Topday
HCLTECH gave Trendline breakout and gave closing above it. Crossing 860 level will be good upside move towards 870 levels keep this in watchlist
TECHM gave Trendline BO (Red color) if this going to Break resistance that 857.50 then will be good upside move towards (768-770)
TECHM gave channel breakdown and also pattern looks like double top Price is near neckline breakdown Weak below 798 level
HCL TECH is in PBZ. A green candle is being formed today bouncing from an important zone. If today's' candle is sustained, one can enter long according to the WWL setup. Target should be according to STM method and SL can be below today's candle low.
Tech Mahindra seems exhausted now and is not participating in the Amazing IT rally that we have seen. It can be considered the weak link in the It index even though it has given a wonderful return. Technically TechM has closed with a graveyard candlestick which indicates a reversal in the uptrend. One can enter into a short position around 870-875 with a strict SL...