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
Niftyit
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
