NIFTY IT Breakout retestHello Everyone,
Nifty It view if takin 200ema support then upmove possible as cup and handle breakout retest is happening
Niftyitlong
NIFTY IT Break Down Before US ElectionNifty IT is currently break down and negative trend in before the us election. In the current market correction this is the one of the most positive and attractive sector in the indian market but this week the price is fall Nifty IT Company in the FII Friendly but Huge selling in the FII Less impact in the market.
Now currently my point of the view after the US Election ( If Donald Trump Win ) One time this is show in the deep correction, but we are bullish because this is the more beneficial of the Interest rate cut
INVESTMENT PICK - WIPRO - TREND REVERSAL LONG ENTRIESSymbol - WIPRO
Wipro Ltd is a global Information technology, consulting and business process services (BPS) company. It is the 4th largest Indian player in the global IT services industry behind TCS, Infosys and HCL Technologies.
Wipro was in consolidation & accumulation phase from July 2022 to December 23.
After that it broke out of this consolidation zone with good buying volumes & went till 550. Now it is retracing back to breakout zone which is 450.
Wipro is a company with good fundamentals so it can be considered for medium to long term investment.
Wipro CMP - 452
It can be accumulated at current level for long term Investment perspective.
More position can be added at 410 - 415 levels.
Stoploss can be 350 or below 350.
Targets can be 545, 600 & 720 which represents 21%, 35% & 58% upside from current level respectively.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my investment position. You can track it for educational purposes. Thanks!
LONG MPHASIS - SWING TRADE IDEASymbol - MPHASIS
Mphasis is currently trading at 2254
2200 - 2260 is a good support area for Mphasis.
I'm seeing a trading opportunity on buy side.
Buying Mphasis Futures at CMP 2254
I will be adding more if 2230 comes & hold with SL of 2180
Targets I'm expecting are 2370 - 2450 & beyond.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
LTIM - Ready for A Short Term Swing Trade ?LTIMINDTREE is currently trading in a support zone of 4850.
It is trading in a good demand zone. So I'm taking long position in April Futures at CMP 4860-4870. I will be adding more position if 4750 comes & will hold with SL below 4700.
I'm also tracking LTIM 5000 CE as well. I will be adding position in this too.
I'm expecting it to bounce from here and reach 5300-5500 soon which is 10-12% upside from here.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
NIFTY IT IndexNSE:CNXIT
IT index gave breakout after basing of almost three and half years,
Ready to touch mark of 55000 in coming years
Nifty IT moving towards 40500...watch nifty it sectors stocks...
tcs
infy
techM
wipro
ltimindtree
coforge
l&ttech
warning: Please note that I'm not a financial advisor, and investing in the stock market involves risks. It's important to do thorough research or consult with a financial professional before making any investment decisions.
CNXIT: NIFTY IT 1.5 Yr Channel BreakoutCNXIT: NIFTY IT has broken the channel on the upside in which it was stuck for last 1.5 years. High RSI. Time to invest in IT now.
DIXONTECH LONGA great support as per my setup and a bounce after a good momentum upside. Entry & Exit are mentioned on charts and this is a delivery based entry as this stock has never disappointed me and works best on 15-1 hours setup for me.
HCLTECH is ready for a blast soonHCLTECH is ready for a blast soon. For intraday, If it crosses 1112-1115 and sustain above it will give u a ample amount of profit if u take options.
I am tracking it since last month as I am a momentum trader. I used to track stocks for creating an momentum playing opportunity.
If u wish to learn my techniques just follow me and msg me.
