NIFTY IT is on monthly trend line resistance. Please avoid holding IT stocks for upmove (Mid Term or Long term). IT looks exhausted and we may see correction coming soon. Also, to support above statement, INR will get stronger against USD in coming times and this will lead to IT companies share prices coming down.
Chart seems like rounded bottom formation in TECHM Disclaimer: Views are mine, Money is yours
Nifty IT triple top formation. Nifty IT may go down from here..
Nifty 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
Stick 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
i've markerd the support and resistance levels . trade according o your setups at these crucial zones
This is to support our idea of TCS idea (both for educational purpose) We will see some good move in IT Stocks
Hi 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...
At 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.
Banknifty Analysis for 05th Jul 2020
Nifty IT Break Ascending Triangle pattern .if it Sustain in Monday then add IT Stock in your watchlist For Buy Side.
Hi All, As per the chart pattern HCL Is expected for small uptrend. Target is 584
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.
Intraday 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%)
Breakout in IT sector. Possible few stocks can rise each day. Not all at once.
Same view as CNXFMCG Morning Star Pattern Bullish view