Get started

Niftyit

Nifty IT= THE SECTOR TO AVOID FOR INVESTORS!⚠️FIRST THE TECHNICAL VIEW Attached: Nifty IT Index Weekly Chart as of 13th April 2023 In the Chart above, I have mapped out the Potential Elliot Wave Count to play out over the coming Months: - Price has fallen in 3 Waves which is our Larger A Wave - Then Price did a Corrective bounce in an ABCDE structure making up our Larger B Wave - And now the Larger C Wave Down in the form of an Impulse is about to start/ has already started! I have 2 Downside Targets🎯 based on the Elliot Wave Count: T1= 23400 to 22700 (which is C = 0.618 of A) T2= 18350 to 17750 (which is C = A) This implies an approx. 19% decline📉 for Target 1 and a 36% decline📉 for Target 2, from Current Market Price😨 NOW, THE FUNDAMENTAL VIEW Regarding IT Stocks from an Investor's Stand Point, it is going to be the DIRTY FISH💩🐟 of the Pond and can potentially Spoil the Whole Pond as well Irrespective of whether it is a Bull Market or a Bear Market for Broad Market Stocks. IT Index is set for New Lows and Infosys is Leading it on the Downside As an Analogy for the Indian Market: Remember how Auto Sector was in 2018? TOP out how Pharma was in 2015? TOP out IT is the same now in a Bear Market🐻🩸. Fundamental Reasons: - US Recession - Wage Inflation (IT Co. main cost is Employees), Lay Offs, Etc. - De Dollarization (aka USD Crash hurts Dollar Revenue of these IT Companies) I suggest if you have any Investments in IT Stocks Sell Them Off✅ You will get better Value in Other Sectors✅ This is a SECTOR SPECIFIC View for INVESTORS!⚠️
NSE:CNXITShort
by T_Harth
WIPRO analysisWIPRO , the IT giant has consolidated heavily for a long time and has formed a good bottom kind of structure , with weekly candlle showing good buying pressure from lower areas and also sustaining above support of 390 levels , this is looking good for an upmove towards 420-425 levels , with SL of just 2.5% and targets of almost 9% risk to reward ratio is highly in our favour and looks good for a swing trade , Do follow for more trade setups and swing trades
NSE:WIPROLong
by sniper1290
Sonata Software is in Consoilidation Phase | NIFTY | NIFTY ITThe last 2 Year's chart is shared here. Just wait and watch the game. Fundamentals: YoY on YoY Revenue and EPS Growth. Technicals : It Breached the 1-Year-Old Trendline and Consolidation around it. Last 2 Years RS compared to Nifty and Nifty has been Strong. Although Its Sector's RS Is Weak Compared to Nifty. Stock is trading above 50 SMA. It's following a short-term Channel of around 6 Months and it broke its support of it recently. Now it's again going to enter the channel. Stock is in an uptrend for the last 6 months. Stock is printing a VCP-looking alike Pattern in Daily Timeframe.
NSE:SONATSOFTW
by subasark
LTTS - An opportunity for swing trading is identifiedWith buying volume being noticeable and selling volume being extremely low and barely noticeable, LTTS is currently trading in a bullish trend. The stock is also trading on daily demand zone, which is seen on lower time frames as well. For a low risk but high return trade setup, This makes it an ideal opportunity to plan our buying entry at this zone while setting our stop loss below the demand zone for a low risk yet high reward trade setup. Wave Volume Divergence Indicator   utilised primarily for volume analysis. Please like this analysis if you found it helpful and follow me for similar analysis. Thank You
NSE:LTTSLong
by AfnanTAjuddin
1
NIFTY IT - Recovery started with Double Bottom Breakout ConfirmKey highlights: 💡⚡ On basis of Weekly Time Frame 📊 Currently NIFTYIT has given Double Bottom Breakout with confirmation. 📊 Keep an eye on IT sector's scripts. 📊 Example : LTTS , COFORGE , TECHM 1st Target - 32816 2nd Target - 34381 Support - 30559 ⚠️ Important: Always maintain your Risk & Reward Ratio. ⚠️ Purely technical based pick. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:CNXITLong
by radha_23
Is buyer getting control around the support zone? - BSOFTAlthough the price of Birlasoft stock is clearly falling, it is currently trading near to its weekly and monthly support levels. The weekly and monthly support zones are where the stock is most likely to find solid support, and it is also where it is most likely to climb upward from. The fundamentals of the stock are also very strong and have released recently good results. Please like it if this analysis was helpful to you, follow me for such analysis and share your thoughts in the comment section below. Thank you.
NSE:BSOFTLong
by AfnanTAjuddin
2