nifty it looking strong ,
ready for breakout
buy above 28000 tgt-28200\29000
AFTER LONG TIME NIFTY IT READY FOR BREAKOUT,
CATCH IT STOCKS BEFORE BREAKOUT LIKE ,WIPRO,INFOSYS ETC
FOR ANY QUERY MSG IN COMMENT
HCLTECH 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.
NSE:WIPRO
Descending channel pattern breakout given
Buy with stoploss - 390
Target - 409, 417, 425
For the long-term view, check link attached in the related ideas.
IT index and IT stocks was pulling nifty down & we are observing the downtrend since Jan 22 but looking like we are approaching to an end to it. A series of up move is expected in this Index.
On an Hourly TF index is bullish above 28k,
On a 4 Hr TF index is bullish above 28.5k
On a daily TF index is bullish above 29k
On a Daily TF index is bullish above...
This sector has completed corrective waves as wave A-B-C and now possibly wave X has been started as a retracement, Once it closes above 20DMA (middle Bollinger band on daily chart), then it can show good strength and go towards north directions, up to 38.2% of whole recent fall as wave A-B-C. Some price actions and some indicators are suggesting reversals after...
NIFTY 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 .
Hello Traders., Today its 9 Dec evening..
We have found a descending triangle just at the top of the rally in the NIFTY IT index. And the Triangle is going to break.
Two things to watch out from here.. i) Firstly a huge momentum will be followed in the IT stocks when the triangle pattern breaks either on the upside or on the downside,
ii) Secondly the trend will...
Tata Elxsi has outperformed its peers over the year. Everyone's looking for the right entry to buy the stock.
Now's the chance to buy the stock if at all it reaches the PRZ/demand zone mentioned on the chart.
The stock may exhibit the XABCD bullish shark pattern, which is completed only if the price reaches the mentioned demand zone.
Buy in the demand zone and...
Game Over For IT Stocks ???
Bearish Engulfing On Daily Charts & Spinning Top On Weekly Chart.
MACD Also Turned Negative.
Profit Booking Might Take Place In IT Stocks.
Be Cautious
SL - 35600 (DCB)
Nifty 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...
NIFTY IT, overall in very strong uptrend, now moving in bullish wedge.
And also in smaller time frame if you will see it is moving in symmetrical triangle.
Wait for the symmetrical triangle breakout to take buy trade on IT stocks.
