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We expect NIFTY IT Index to go up. We support our Analysis with both Fundamental & Technical.
Technical Analysis
Index has strong support at 28600 followed by 28000. With a hammer like formation at support indicates buying in stocks of NIFTY IT. One can go long with SL of 28000.
Fundamental Analysis
Fibbonacci Retracements: Index has formed a Bullish Hammer...
We recommend Buy call on ICICI Lombard General Insurance Company Ltd. We base our theory on Technical as well as Fundamental.
1) Bollinger Band : A Strong breakout witnessed by the company price on the Indicator.
2) Relative Strength Index : Above 60 Break for the Stock, which indicates strong Uptrend.
3) Fibbonacci Retracements : Stock recently crossed...
We expect INFY to reach price of 1725 - 1730 in Near Term. We support our analysis with multiple Fundamental as well as Technical confirmations.
1) Fibboncci Retracements
- the company has been consolidating between 23.60% and 38.20% which makes it a strong support for the stock. Hence we can expect an upmove towards 50% and then 61.80%.
2) Head & Shoulders...
