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CNXIT: The AI Panic is a Gift. Secular Bull Retest - 60K+ target🚀🚀🚀 The Big Picture: Zoom Out for Perspective It’s easy to get caught up in the short-term noise, but looking at the Monthly (1M) chart, the Nifty IT Index is currently doing something very healthy: it is retesting a massive multi-year support block. (We have to be aware it can fail and turn into resistance... but lets wait for that confirmation first. ) The secular trend that started back in the early 2000s remains perfectly intact. Why the "Tears" are Overdone (The Bullish Drivers): Historically, these "scary" dips have been the launchpads for the next 2x or 3x expansion phases. Indian IT majors are at the forefront of the global AI pivot. This isn't a "legacy" industry; it’s the engine room of the global digital economy. Valuation Reset: The recent correction has flushed out the "weak hands" and brought valuations back to attractive long-term levels. The Path Forward: Immediate Support: Holding firm in the current consolidation zone (29,000 - 30,000). Target 1: 46,088 (Previous Highs). The Moonmission (T2): 61,687 (Projected Expansion Level). Final Thought for Indian Investors: Don't let short-term volatility blind you to the long-term compounding machine that is Indian IT. The "ultimate breakout" is coming; the question is, will you be positioned for it? 💎🙌 #NiftyIT #CNXIT #IndianStockMarket #LongTermInvesting #BuyTheDip #TechStocks #AlphaIdeas
NSE:CNXIT
by BallaJi
HCL Technologies Ltd – Technical Breakdown Alert The chart reflects a mature topping formation in the form of a Head & Shoulders pattern, developed after an extended uptrend—indicating a probable trend reversal phase. A decisive neckline breakdown, supported by expansion in volume, confirms distribution at higher levels. Price has now slipped below the intermediate trendline, signaling weakening momentum and loss of bullish structure. From a structural standpoint: The right shoulder rejection near resistance confluence adds conviction to the bearish setup Price is now trading within a falling channel, respecting lower highs and lower lows Projection: Measured move from the H&S pattern suggests a downside trajectory towards 960 – 840 levels Critical Demand Zone: The 1140 – 1150 zone acts as the last structural support. A sustained breakdown below this region could trigger accelerated downside momentum.
NSE:HCLTECHShort
by FiveCircles
MPHASIS LONGHello Everyone, IT sector in all after a good fall has been trying to make a base. Here Mphasis has broken a falling trendline in 1hr timeframe. Hence one can look for a long trade in it. Targeting the previous swing high. Entry- 2120-2110 Target- 2150, 2180, 2200 (For swing trader, if a close above 2200 is given then one can look for higher targets.) SL- 2060-2050. (keep strict sl as global situations is not good) Disclaimer- This is just for educational purpose. JAI SHREE RAM.
NSE:MPHASISLong
by Sanatan_Trader
CrowdStrike: Bounce!CrowdStrike has recently staged a noticeable move to the upside, which we classify as merely an internal countertrend bounce. Our primary view places price in a downward phase that should complete the broader correction. The final destination remains the green Target Zone below the $298 support, defined by $114.02 to $33.73. Within this range, the ongoing bearish cycle wave should conclude. That said, it remains conceivable that CRWD has not yet entered its final downward phase and could first establish a new corrective high. This 30% likely alternative scenario could be confirmed if price breaks above the $566.90 resistance, thereby exceeding the correction high assumed in our primary scenario.
NASDAQ:CRWD
by HKCM_Global
1
Tata ElxsiTata Elxsi gave a breakout of a falling trendline few days back. Now it has given a retest of the trendline and has started its uptrend again. You can a small tight consolidation and a breakout of that range in 4hr timeframe today. A closing of this candle can be a buying opportunity. Check the chart image for all the entry targets and stoploss and reason for the trade. Target 1 and stoploss is for short term traders. For long term traders they can look for target 2 and even higher target as this is good pick for long-term. Disclaimer- This is just for educational purpose. Jai Shree Ram.
NSE:TATAELXSILong
by Sanatan_Trader
Wipro: Breakout & Boom!This is the daily timeframe chart of Wipro. Wipro has been forming a falling wedge pattern, and the stock has given a breakout near the ₹250 level. The breakout has also occurred above the long-term support zone of ₹225–₹240, which strengthens the bullish structure. If this momentum continues, then any dips from the current levels may offer strong risk-reward opportunities and potentially lead to a bigger rally. In the shorter timeframe, the potential upside target for Wipro stands near the ₹280 level.. Thank you.
NSE:WIPROLong
by FiveCircles
Palo Alto Networks: Pullback Follows New All-Time HighPalo Alto initially climbed to a new all-time high, but the upward momentum soon faded, leading to a notable pullback. However, we expect the stock to recover soon and, as part of the magenta wave (3), break through resistance at $232.29. The following waves (4) and (5) are also projected to develop above this level, further fueling the ongoing upward trend. That said, we still see a 37% chance that PANW will instead complete (or has recently completed) turquoise wave alt.B below the $232.29 mark. In that scenario, wave alt.C could trigger sell-offs to a new low for magenta wave alt.(2) , though support at $139.18 should remain intact.
NASDAQ:PANW
by HKCM_Global
TCS Under Pressure – Will Visa Heat Trigger ₹3000 Levels..?Currently, TCS is trading near the crucial resistance zone of ₹3200, which also carries high open interest. From a technical perspective, if the stock breaks and closes below the short-term support of ₹3150, we can look for a short entry on retest, with targets: * 🎯 Target 1: ₹3080 * 🎯 Target 2: ₹3000 📰 Fundamental / News Catalyst The recent US H-1B visa policy update imposing a $100,000 fee on new petitions triggered a knee-jerk reaction in IT stocks: * U.S.-listed Indian IT firms saw an immediate 2-5% decline. * Analysts expect the impact on TCS to be limited, since a large part of its U.S. workforce is locally hired and renewals/existing visas are exempt. * Worst-case estimates suggest a 3-5% downside in the short term, but not a structural collapse for large, diversified players like TCS. 📊 Impact Outlook on TCS Short Term (days–weeks): * Investor sentiment may turn negative, causing selling pressure. * Margin compression possible due to new visa costs. * Analysts could revise earnings growth expectations lower. * Offsetting factors: Renewals exempt, TCS has a solid U.S. local workforce, and offshore flexibility. Medium Term (months): * New contracts may factor in higher costs. * Shift to offshore delivery could reduce higher-margin onsite revenues. * More local U.S. hiring may raise costs. * Offsetting factors: TCS’s scale allows cost absorption; some costs may be passed to clients. Long Term (year+): * Delivery model may shift further to offshore/local U.S. hiring. * Competitive pressure if peers adapt faster in the U.S. market. * Margins could be under pressure. *Offsetting factors: Strong global brand, diversified business, investments in AI & automation can offset long-term risks. 🔎 Scenarios for Share Price * Mild Reaction: 3-5% decline → cautious investors, limited disruption. * Moderate Reaction: 8-12% decline → project delays, client pushback, stricter visa rules. * Severe Reaction: 15-20%+ decline → contract losses, earnings downgrades, tighter U.S. policy. ✅ Conclusion * 📌 Technicals: Watch ₹3150 for breakdown confirmation; short entries possible below this with ₹3080 / ₹3000 as downside targets. * 📌 Fundamentals: News-driven weakness is likely, but structural risk to TCS remains limited vs smaller IT peers. * 📌 Strategy: Short-term bearish setup aligns with both technical chart structure and negative sentiment from visa policy changes. 📌 Sentiment: Bearish (Short Term)
NSE:TCSShort
by Kartik_Elkunchwar
Infosys Holding Strong at Powerful Support – Big Move AheadThis is the weekly chart of Infosys (INFY). INFY is currently trading within an ascending parallel channel, with a strong support zone in the ₹1300–₹1400 range. The stock has shown a bounce from this level, offering traders and investors a favorable opportunity to accumulate. If this support sustains, the next potential upside targets are around ₹1750–₹1800, with the upper boundary of the channel positioned near ₹2100–₹2200. Thank you.
NSE:INFYLong
by FiveCircles
Palo Alto Networks: Countermovement or Breakout?Palo Alto has faced increasing upward pressure and has been noticeably pushed higher. Thus, the stock is ogling our alternative scenario, which envisions a direct breakout above the resistance level at $207.24. In this 30% likely scenario, we would attribute the last low to the beige wave alt.IV and prepare for a new high of the blue wave alt.(I). Primarily, however, we classify the recent gains as a countermovement and locate the stock already in the bearish blue wave (II), which should settle its low within the blue Target Zone between $104.74 and $55.73; prior to that, the price must fall below the support at $130.04. After the wave (II) low, a new (wave (III)) uptrend should begin and eventually lead to new all-time highs above $207.24.
NASDAQ:PANW
by HKCM_Global
Zscaler: BalancedZS has seen buyers and sellers largely balancing each other recently, preventing any significant moves in either direction. As a result, we continue to place the stock in a corrective rally as part of the magenta wave , with its high anticipated above the $259.61 resistance. However, if the price falls below the $153.70 support, the ongoing corrective structure will extend further, with the turquoise wave alt.X establishing a new low. This alternative scenario carries a 35% probability.
NASDAQ:ZS
by HKCM_Global
Cloudflare: ProgressCloudflare has demonstrated impressive upward pressure, surging more than 40% in just a few days. In response, we now consider waves 3 and 4 in green as finished and locate the stock in the final stretch of this impulse move, which should ultimately complete the orange wave iii. Given that key expansion levels have already been reached, we expect the wave iii high to form soon. Afterward, we anticipate a sharp wave iv correction, with downside potential toward the $122.68 support.
NYSE:NET
by HKCM_Global
Palo Alto Networks: Top Established!PANW reached a new peak at $207.24 on December 16. Although the price briefly moved above the significant $200 threshold, it failed to gain traction at higher levels. Thus, we now consider the top of the beige wave B as established and position the stock in the third and final stage of the larger wave (II) correction. From the wave B peak, the stock has already seen a pullback of approximately 20%. We anticipate that this downward movement will continue and ultimately reach our blue Target Zone between $104.74 and $55.73, where the ongoing downtrend should find its bottom. In our alternative scenario, we assign a 30% probability to an immediate breach of the resistance at $207.24. In this case, we would have to reckon with a new high of the blue wave alt.(I).
NASDAQ:PANW
by HKCM_Global
Possible wave counts of chart NVIDIA dip now then upHello Friends, Today we have plotted Elliott wave counts on NVIDIA Corporations chart Technical Analysis Case study, In this study we used Elliott Wave Theory & Structures, it involves multiple possibilities, and the analysis presented focuses on one potential scenario. The provided information is for educational purposes only, not trading advice. There's a risk of being completely wrong, and users are warned not to trade or invest solely based on this study. The content is not an advisory and does not guarantee profits, We are not responsible for any kind of profits and losses; individuals should consult a financial advisor before making any trading or investment decisions. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NASDAQ:NVDA
by RK_Chaarts