The stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below support zone & the lower trendline. The target is placed near swing high.
In Previous Market Session the HCL tech gave very powerful breakout breaking its all time high. We might say it is ready for its next bull run. The trend is clearly uptrend. we migth see a good bull rally in HCL TECH.
It is on a multi year breakout in this monthly time frame. Accumulation between 175-145 could be a safe strategy with exit level of 125 for a medium term target of 350. On its way up it faces minor resistance near 240.
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This idea is not meant for short term trading, rather for medium to long term investing.
A falling wedge pattern shaping in the BB price action, with increasingly lower price volatility inside the tapering wedge and MACD crossing, BB is setting up for a breakout upwards. With cyber security being talked about left and right, a reversal could be in the cards.
Buy - 432+
Target - 470
SL - 418
The stock has tended to show a strong up move in the month where earnings are reported. The trend has been consistent over the past year and by looking at the current outset of WFH and COVID-19 second wave, it is most likely to continue. The quarterly and annual results will be announced on April 15, 2021, which might...
CLPS Incorporation Signs Vendor Agreement with a Well-Known U.S. Digital Payment Platform, Ramps Up Global Expansion Strategy.
$CLPS will provide IT services, including data analysis and payment risk management for their international business.
Growing beyond the Mainland China market, CLPS has been extending its presence and client base internationally,...
Its moving averages of 63, 126 and 252 periods have been closing.
It has strong support around $ 15.
It has resistance around $ 20.
It comes closing a triangle (bullish).
The long-term trend remains bullish.
"Mastech Digital is a leading provider of Digital Transformation IT Services. The Company offers Data Management and Analytics Solutions, Digital...
I usually prefer a 3-hour time frame chart to understand the longer trend of the stock.
IT stocks have had a stellar rally since the March lows and it seems to me that the bulls are finally getting tired before they get active all over again.
Infosys the beast is showing some serious negative divergences on a 3-hour time frame. Additionally, the dollar index...
Go long guys looks very bullish
Simple but effective study
Totally price action based analysis
Target price = 127.40
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INFOSYS SPOT CHART FORMED DOUBLE TOP IN 15M..IN INFOSYS FUTURES CHART DOUBLE TOP WILL BE CLEAR..
TODAY OCT 11 Q2 RESULT WILL BE THERE
DON'T GO BUY..GO SELL..
TARGET 785 WILL BE HIT ON MONDAY OCT 14
THANK YOU EVERYONE!