MINDTREE 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...
NIITTECH 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 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.
If 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 :)
IT 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...
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...
Cup 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.
