Price entered in sell range, if 270 is crossed, the security can be shorted with a support of 265 and 260
Short position should be taken once 2770 level is broken, price is expected to move downwards from this zone.
If price crosses 960, short with support of 920 If price crosses 990, long with resistance of 1010
If price crosses 675, short with support of 650 If price crosses 700, long with resistance of 730.
As per simple price action, stock seems to be moving in an uptrend on a daily chart.
Price seems to be in a downtrend, rangebound. 1050 seems like a good support.
Price seems to have started a downward trend, 2570 and 2500 seem to be the next target if price opens at today's close and crosses the day's low. If the price moves up and crosses 2650 then upward trajectory can continue. CMP: 2612
This stock has been in a cyclical move since 2019 as can be observed from the monthly, weekly charts. Again it has reverted back from its support. This stock should continue its upmove in line with its historical cyclical movement. Upper price band seems be around 800.
Price seems to be in a downtrend, if 4500 is broken, next support would be 4400
If 2450 is crossed, then 2550 is the next resistance, else, 2300
Index might move towards 18K as there is a downward trend towards the end of market hours and highest weekly open interest for both call and put is also at 18K
Trade based on price action since support is broken and Wipro has been following the highlighted support and resistances based on historical analysis
Price action based analysis on TCS chart, awaiting movement in either direction
Trend analysis based on recent price movement of Infosys