Long NIFTY ITBreakout given from technical standpoint+ 200 MA firmly respected
Target 15300-500 .
S/l: 14300
Niftyit
NIFTY IT (CNXIT) trendline on historical chartIt has been observed on NIFTY IT CNXIT weekly chart that a rising trend line has been acting as good support and resistance on several occasions.
PS: Request you to use this trend line setup as a supplement to your analysis before taking any position.
Thanks,
tRex
Jurassic Park
INFOSYS SHORTINFOSYS IS SELL FOR TARGETS OF 590-550.
REASONS:
1. IT IS AT A UPPER DIAGONAL OF A RISING WEDGE (BEARISH PATTERN).
2. 5TH WAVE OF DOMINANT WAVE IS COMPLETED. NOW CORRECTIVE WAVES WILL START.
STOPLOSS: "ABOVE SWING HIGH OR AS PER RISK BEARING CAPACITY"
nifty IT levels , possible upsides and slides !!!!!!plotted levels for nifty it , need to check it closely to take position in it sector !
MINDTREEL: Buy Around 836.5 SL:820 TGT:920MINDTREE has yet again outperformed with 5.5% gain on NSE with 2.5 times volumes. Stock trading above Ichimoku Kumo with Rising ADX signifying a buy around levels of 836.5 with Stop-Loss of 820 on closing basis and for targets of 920.
If trading in CASH segment, then keep the stop-loss at 802 on closing basis. And hold the stock for further up move.
Please do consult your financial advisor before taking calls submitted here. I am not a SEBI Registered analyst.
NIITTECH: Buy @ 857 SL: 837 and Target of 904NIITTECH has crossed recent resistance and above Ichimoku cloud. And has increased volumes on NSE with gain of 4%.
Buy NIITTECH at 857 with Stoploss of 837 and Target of 904
MINDTREE: BUY @ 812.75 SL 805 TGT 832Mindtree NSE:MINDTREE has gained 10% on NSE with volumes move than 4 times its average, which has also crossed its monthly resistance and weekly resistance on Friday(23/02/29018).
Likely to see further upside from here. Hence a Buy on MINDTREE around 812.75 with SL of 805 and Target of 832.
Uptrend channel on Nifty ITContinous uptrend channel on Nifty IT from couple of weeks. GO long until the channel stays intact.
Go long on NIFTY ITIf the Nifty index closes aboce 10270 by the EOD, go long and keep targets and SL as per the chart.
Kindly suggest if you see any problem with the chart setup :)
Nifty ITIT industry has been in a bearish tone forming lower high - lower low since Q2-2015. The industry is under pressure with margins and visas followed by blow of Rupee appreciation.
For short term, 9,880-9,900 stands to be crucial support. The reverse Bullish AB=CD around 9,900 at rising trend line indicates reversal on cards. As per time analysis, the previous rise and fall took 55 trading days and if go by "history repeats itself", the reversal can take place on 25th April (+/- 2 trading days). RSI is back in an oversold territory.
TCS will be releasing results today which has weight age of ~45% in IT index will be important to watch. The above view on IT index will negate on a close below 9,800.
Near term bounce back possible for TCSBased on the monthly chart, it looks near term long is possible with atleast target of 2560 with stoploss being 2400
TECH MAHINDRA trading setupHere is a TECHM trading setup on hourly chart. Please use this as a reference when you trade.
Will Nifty IT Continue the pattern for 8800 as Targets ??For Last 2 years NiftyIT is in a pattern where it Falls then Retraces 0.618 then moves back to 1.27 extension of the previous fall, Currently Nifty IT is at a very crucial point as it is at 0.618 retracement and at a long term downtrend line...
Shorts can be made for the targets of 8800...
Symmetric Triangle on INFY - NEUTRALSymmetric Triangle on INFY and will break either side.
Trade:
Long:
Buy above - 1006
Target - 1016
Stop Loss - 996
Reward Points - 10
Risk Points - 10
Short:
Short below - 1002
Target - 992
Stop Loss - 1012
Reward Points - 10
Risk Points - 10
Cup and Handle formation on TCS - LongCup and Holder formation on TCS and shows bullish.
Trade
Buy abv 2290
Target 1 - 2320
Target 2 - 2340
Points gain - 50
Don't trade until the trade active.
Ascending Triangle on TCS - Longin.tradingview.com
Ascending Triangle formation on TCS 1 hr chart.
Bullish Sign.
Buy above 2338
Target 1 - 2360 / 70
Target 2 - 2400
StopLoss - 2290
