As of Now My View With IT SECTOR is BULLISH...
INFY Took Resistance 1588 and then we see Profit Booking which was expected after BOOM in ITSECTOR
No we Have Some levels for NEXT WEEK ...
If infy take SUPPORT from TRENDLINE which is near- 1552-1556 then we will take trade for target of 1588
and if it broke the TRENDLINE then take trade at 1540 and target will be...
As We can See Mindtree Formed the ASCENDING TRIANGLE PATTERN this is Bullish Pattern which shows that the stock made good base and ready for up move ..
Buy Initiate Above- 2745
SL - 2715
Target - 2750/2790
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Intraday Simple Price Action Setup
Buy Above - 2710
Short Below- 2683
SL - Own SL
But As of now my view is still bullish on this sector ..
Tommorow it might give another upmove...
Happy Trading...Safe Ur Capital Use it Wisely
As we can see this very simple and good price action that...the stock break lifetime high and ready for next upmove like 500+++
so accumalate buy 460-665
And if the stock cross levels of 468.50 on clossing basis then we can see our first target in 2-3 days
BUY ABOVE- 1570
SL- 1560 (AS PER OWN RISK)
As we can see on Chart their is symmetrical tringal pattern formed as well as inverted H & S pattern ...so this bullish pattern and can give good upmove ..
stock is taking support from trend line and now ready for big move ..
If it cross 13000 and sustain then so bullish ...BULLISH
on 1hr time frame we can cup and handle pattern formed
And it is also forming bullish channle pattern
if in upcoming trading sessions this gives closing only above ...1142 then we will see more 400 points rally in upcoming days with maintaning breakeven SL..
Buy Above- 1142 (Closing)
SL - Breakeven ( Buying Price )
Target - Open Till 1400 then after you can Trail ur SL
triangular kind of pattern is formed on daily and 4hr time frame...
so both sid view we can consider and for now my view is bullish till 3500
if tommorrow or day after tommorow stocks gives breakout then we can initiate buy or short
it might give breakout to upside with heavy volumn then it will not stop till lifehigh price so trade according own risk reward or u...
Stock Tested the levesl of 12999 on NSE and with some correction or we can say Profit booking it is again ready to Fire...
My own next Target is 13000 Second target is 15000 and if sustain above this we can see again big targets like 20k ..
You can check my previous idea about this script target of 13k hit like 1 min Spike ... but not sustained and from that...
Buy Above - 1394
SL - 1382
Stock consolidating in limited Rang and it can give breakout upside ..then only intiate buy
today it took good support on 200 EMA with Volumn....
Like And Do Comments
As we can this stock break its 5 Years All time High and there is some news in this stock regarding Bonus,Splits,Dividend company Giving to there share holders and we can see targets of 13000++ in coming week.
Buy for Quick Target of 10500...then 13000..