after a big gap down infy consolidated in certain price range form here it given range breakout it may try to fill that gap nifty it is turning back It stock will get movement from here
Tech mahindra , the IT giant which had fallen almost 50% from its 2021 highs has been consolidating in a range from 1150 to 1000 levels for more than 300 days , any breakout on either side will give huge movements on either sides , on upside if theres breakout the stock can test 1400 levels (20%) , on downside if theres a breakdown a big fall is possible towards...
There was so much of hidden meaning in today's price action. Both banknifty and Nifty50 opened gap-up and then started falling. Banknifty fell 0.97% from High to Low, whereas Nifty fell 0.66% only. This fall is the 1st anomaly, this happened at a time when NiftyIT was roaring! It opened gap-up and was shooting up. Which goes to prove that either Reliance or...
NIFTY IT - be very very very cautions on positions. this index setup is looking really dangerous. Longs are advised only above 29400. If this scenarios gets played out, there other possibility is that it keeps consolidating for 2-3 years between 29400 and 27600 band. That will cause opportunity cost. Use discretion!!
NIFTY50 index has approximately fallen 1500 points from all time highs of 18900 levels and a possible reversal is coming from major support areas of 17200 to 17000 , there maybe a start of another rally towards all time highs and also towards 20k levels in the index . A good bottom formation and a breakout of highs can give confirmation of a trend change , so for...
NIFTY IT index is currently in a sideways territory , there is high possibility that the levels of 32k to 33k will act as a decider point for trend in coming days , anything sustaining above 32-33k levels will lead to a bullish rally towards all time highs , if index rejects and sees selling pressure from 32k-33k levels , there can be another big correction coming...
NMDC has broken out of its trend line showing a bullish trend and also a double bottom showing buyers coming in , looks good to be bought above 114 levels with small SL for targets towards 120 levels , aggresive long can be done at current price also
Another surprise today with 300pts ~ 0.69% move from 13.30 to 14.40, came at a time when no one really expected. Karnataka election results tomorrow and most traders would have anticipated we close the day subdued. The lower than expected CPI data of 4.7% would have leaked with few big-boys and they would have ended up loading the banks because from how I see it ...
Dixon is forming correction for a potential movement to the downside, expecting to reach at 2000
Signs of tiredness visible in the price action today. To start with, never expected that our indices will close in green today, even though the momentum is slowing, it is pushing up the bulls inch by inch. Nifty50 was having more positive price action vs banknifty today - that may be because there are 2 more resistance zones to go for Nifty50 to reclaim the ATH...
Infy is about to complete correction on larger scale from here we can expect at least 3 waves bounce first confirmation will be daily positive close & weekly close above 1300 would see lot of interest from investors.
NSE:TCS is trading at its important weekly support level. On Daily chart it has formed kind of Morning Star Candlestick Pattern & Double Bottom Price Action Pattern. Positive RSI Divergence is also seen. Volume is still rising, which suggests that there is more upside potential for the stock. Support- 3100 Resistance- 3275/3400/3575
Attached: HCLTECH Daily Price Chart Live Market as of 20th April 2023 Pay attention to the following: 1) Formation of a Double Top/ Distribution Pattern 2) A Leading Diagonal Structure marked as ABCDE , so a 3rd Wave Down can play out 3) The Elliot Wave marking signaling end of (B) Wave and (C) Wave Down pending IT Sector is the Weakest already and there are...
ROUTE is looking for buying opportunity! After formed descending channel & line up with double bottom. Expecting TG to reach 2400 for longterm.
nifty it sector complete price vise correction and down side complete 5 wave and start upside
NIFTY IT Index at Horizontal supports along with RSI Divergence, Possible upside till 32000.
Analysis on 17th April 2023 Morning. Important Points, - C wave is begun after consolidating of B wave Possible Target are shown in Chart, according to Wavelength Theory using Fibonacci Tool. - 25k is psychological level also so first target will be 25k, Rest will be updated with new candles formed. Have A Good Day!!
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...