Happiest Minds Tech Critical LevelIf Slowdown in IT sector continues, Happiest Minds may go down and take support near 530-585.
Revenue Growth and OPM of Happiest Minds are continuously falling
FY22 - 41% & 24%
FY23 - 31% & 25%
FY24 - 14% & 21%
Q4(24) - 10.4% & 20%
Return on Equity
5 Years: 30%
3 Years: 26%
Last Year: 21%
If it continues like this, It may not trade on Premium Valuation like before
Technically, If it will break down successfully of Level Fib(0.618) or 800(PSY), May go down and take support on Fib(0.786) or previous Support area (530-585)
Disclaimer : This is only for Educational Purpose. I'm not a SEBI Register Advisor.
Niftyitshort
09 Apr- A New High, but a sharp fall afterward. VIX not spiking.Nifty Analysis - Stance Bullish ⬆️
Nifty hits a new ATH and then falls over 155 points, goes below water, and then closes 23 points lower @ 22642. The new ATH is 22768. The main villain again was the NiftyIT sector which had a -1.59% 566 points intraday fall. Firstly it went up 535 points in the opening 20 minutes and then gave all that away to close flat for the day.
I am sure how bad the option traders are feeling because I am one of them. We now have a highly unpredictable market and swings that take out the stop losses both ways. The best trade sometimes is no trade.
On the 63mts TF, we have 4 consecutive RED candles. 5 out of 6 candles are RED but the reason is that we started the day with a mega gap-up. For tomorrow also we are continuing our bullish view and would like to go neutral if we get a close below 22615. If we fall below 22513, we prefer to go short for the immediate short term.
NIFTY IT has built a weak patternNIFTY 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!!
NIFTY IT analysis for coming daysNIFTY 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 in the index in coming days with possibility of index also going below 25k levels . Currently it is at wait and watch zone (BIAS IS NEGATIVE)
Nifty IT 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!!
NAUKRI INFO EDGEThis stock is looking like head and shoulder chart patterns breakdown along with good intensity of volume, and it has started its correction as a wave A in 5 subdivisions and then wave B is small and now once price breaks below 4058 then possibly wave C must started, and it should come down in 5 legs only. Below are some supporting scenarios shared.
head and shoulder pattern neckline breakdown on daily time frame
RK's Sell signal activated on daily chart and also price has broken RK"s stop line and mass psychological cloud
MACD on weekly negative crossover below zero
MACD on daily negative crossover and now below zero
price below lower bollinger in daily
rsi breakdown in daily and now below 40
DMI ADX on weekly bearish
DMI ADX on daily bearish
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Nifty It Heading Towards Resistance NSE:CNXIT
As we can see, nifty IT sector chart heading towards resistance here we can not say that all it stocks will fall but some of them whichever at resistance might fall a bit for sure if this harmonic pattern will be respect by price then only.
This chart is just for aware that is sector heading towards resistance, so new long entries we should avoid.
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
NIFTY IT TOP COMING VERY SOON 38422 - Risk : Reward - 1:5NIFTY IT TOP Coming very soon near 38422 . it will lead Nifty 50 as well to another down fall. Beware and start making little short positions.
Please consult your financial Advisor before any psoition and manage your risk accordingly.
Note : This suggestion is data backed by Stock Data Science .
Short Infy 1874 Absolute TOP - RISK REWARD RATIO 1:5Nifty IT is overhyped and euphoric , as it was there in Nifty . Short Infy as it is one of the leader of IT sector after TCS .This will play role in falling of Nifty IT.
Note : This suggestion is Data Backed from Stock Data Science . You can take positions after consulting your Financial Advisor . Please manage your risk accordingly.
CNX NIFTY ITNifty IT, looks like it has completed wave 3rd of bigger degree wave 5th, now it could started steps towards wave 4 as corrective,
as per sector views it stocks could show little bearishness as per index predictions.
Wave structure
Macd in daily time frame Negative crossover
Rsi downtick in daily time frame
trendline breakdown in hourly time frame
adx dmi conversion towards negative in daily time frame
adx dmi negative in hourly time frame
rsi down tick in hourly time frame
macd in hourly negative along with down tick and now below zero line
Disclaimer
I am not sebi registered analyst.
My studies are for educational purpose only.
Consult your financial advisor before trading or investing.
Nifty I.T. trend change possibleNifty I.T. cmp 33715
on verge to complete impulse phase of elliot wave,, and supply line resistance around current levels,,
Time to book profit in I.T. stocks and choose some overbought stock to go short,,
Good profit booking and reversal can be seen
Fall of 10-15% in counters and index can be seen...
Accelya Solutions India ltd Short Term Oppertunitynote guys this is not a buy recommendation
sell side below 800 level
💢forming descending triangle
💢interesting buy from promoters in the last year
💢expecting an upside breakout
about the company
✨Accelya Kale Solutions Is a Software solutions provider to the global Airline and Travel Industry.✨
thank you
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HCL TECH analysis for 01.02.2021watch IT sector guys
hcl tech in a major support zone.
horizontal & trend line both supports are good.
if it fall it may be the better opportunity.chance give a shorting opportunity.
so intra players keep an eye on it.especially hcl tech.okay.
hope u understand my points.
hey note dont look for patterns....go with opportunities😊😍