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3I INFOTECH LTD3I INFOTECH LTD3I INFOTECH LTD

3I INFOTECH LTD

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3IINFOLTD trade ideas

3IINFOLTDVolatility Contraction Pattern is popularized by Mark Minervini, who is a two times US Investing Champion. Last year he won the championship with a record-beating 300+% in the year. He primarily uses VCP for his trading setups. It is a twist on the ascending triangle pattern with some variation. It has the following characteristics: The Stock must be in stage 2 uptrend. A period of price consolidation must take place in thebase. Price consolidation occurs after a stock has moved up in the price, the consolidation (or correction) is a constructive chart pattern that allows the stock to digest the bullish price movement. Price volatility must contract through the base (from left to right). During this period of price consolidation the stock price will correct. Price must correct through a series of smaller contractions. Each contraction should be tighter than the last, representing the absorption of more weak holders. Ideally this pattern has between2-4 contractions
NSE:3IINFOLTDLong
by lokeshparihar
1
3i Infotech's Chart: Bullish Breakout In this analysis, we will thoroughly examine the technical aspects of 3i Infotech's chart, highlighting the breakout of the falling trendline and the solid strength shown by the Relative Strength Index (RSI). Additionally, we will assess the potential buying opportunity for 3i Infotech based on the technical signals. Let's proceed with the analysis. Chart Analysis: The TradingView chart for 3i Infotech reveals several notable technical factors that may impact the stock's price action. Breakout of Falling Trendline: 3i Infotech's chart has experienced a clear breakout of the falling trendline, indicating a potential reversal in the stock's downtrend. The breakout suggests increased buying interest and potential upward momentum in the stock's price. RSI Strength and Potential Breakout: The Relative Strength Index (RSI) is showing solid strength, indicating favorable momentum for 3i Infotech. Additionally, the RSI is approaching a potential breakout level, which could further confirm the stock's bullish sentiment. Trading Opportunity and Targets: Considering the bullish technical signals, a buying opportunity may be presented for 3i Infotech. Traders may consider initiating a long position at the current market price (CMP) of ₹34.95. However, it is essential to acknowledge that the suggested stop loss at ₹31.5 is intended to manage potential risks. For the target, a potential level is set at ₹40, representing a potential upside target based on the stock's bullish breakout. Conclusion: The technical analysis of 3i Infotech's chart suggests a bullish outlook for the stock. The breakout of the falling trendline and the solid strength displayed by the RSI indicate potential upward momentum. Traders may consider entering a long position at the CMP of ₹34.95, with a stop loss set at ₹31.5 and a target of ₹40. As with any investment decision, caution should be exercised, and it is recommended to conduct thorough research and consult with a financial advisor before making any investment choices. Additionally, traders should closely monitor the stock's price action and consider implementing appropriate risk management strategies.
NSE:3IINFOLTDLong
by yaashul
3i infotech multi year high closing and weekly breakout3I infotech closed at a 5+ year weekly closing high this Friday and breached a 5 month old resistance trendline while doing so (red tl on the chart). This breakout has come on the back of high volumes and it will most likely sustain and the stock will move higher in the short to medium term. The three blue horizontal lines shown on the chart represent important levels for 3i Infotech since 20212 and represent potential resistances and price targets for our long trade. these targets are approximately 11.70, 13.6 and 17.45. One can go long in 3i infotech with a WCB stoploss of 7.94 which is this weeks low
3Long
by drupadk