- Here is an update to the Nifty IT analysis we posted back in 2022. - The price action is pretty sluggish. Literally "Trading in the Zone" ( Get it? If not you need to read that book " Trading in the Zone by Douglas" It will teach you the psychology aspect of trading) - We will keep updating the price action as it unfolds. - In the meantime, look at how NDX has...
- We posted the initial analysis of Tech M on March 5th, 2023 which can be accessed below. - Given that the price action changed with time, we decided to post the updated price action for the ease of our followers - The chart is pretty self-explanatory - The Price action is similar to that of NSE:WIPRO . The price consolidated for over a year and finally...
- The chart is pretty self-explanatory but here is the gist: - 10 months of pure sideways consolidation (I get it. Wipro tested Investor's patience, the most) - Breaks the support only to reverse back into the range, trapping sellers - On the verge of breaking its range for the cage-free price momentum - Also, the Indian IT sector is approaching its critical...
Hello There, Welcome back! 👋 Here is all you need to know about Happiest Minds: • The stock price has been range-bound in a downward Wedge pattern for over 14 months. • An attempt to break the pattern resulted in a long upper-wick candle, suggesting sellers' presence. • A subsequent inside candle gave a weak breakout, after which the price has been...
Daily Gap in the chart Breakout Retest done Accenture Result over Worst is over in this quater For 12Months is Good Level for investment through ITBEES or Tata digital Mutual fund
Nifty IT !! - Near Resistance on Monthly Chart - in coming months, It may create CUP and HANDLE Pattern on chart before Breakout
Here are some pointers for HCL: - HCL recently broke its range and the final resistance trendline. - The breakout was quite close to a resistance zone. A bearish engulfing prompted selling, but retest and continuation potential remains. - A retest candle with a long lower wick signifies bullish sentiment. Notice the price sustained over the trendline. - Your...
Okay, This one was requested by @sanketkumbhar88 : Here is all you need to know about NSE:AFFLE : - Affle has been in a volatile 400-point range since 2021 - Currently, It is forming a Descending Triangle formation taking exact rejections from the resistance trendline - We have a game zone to confuse investors - The 1000 psychological mark doesn't seem to...
SNOW has been running since about the 1st of February. It beat earnings in November by 50%. Right now it is situated at the mean-anchored VWAP where institutions pick up and drop off shares the most. Price is at the lower boundary of an ascending parallel channel and is now about 8% less than the double top of last week at the top of the channel. Price at the...
Sonata software Looks like a good setup to make a long position. Have taken entry at 796 with 5% Stop loss. Breakout retest was not that panicking. hence, looks good to me.
Happiest Minds is a Leader in digital transformation IT consulting & services company focusing on Big Data, Analytics Cloud, Mobility & Security for better business development. After the IPO in Sep 2020 the stock saw a Dream Run in less than 1 year to reach a Skyhigh milestone of 1600 from a mere 300 / stock. After this its been in a consolidation mode for...
It has got a good consolidation, No reason to not to break all time best. Good volumes are flowing Checked 1500 consecutively for two days. Once closes above 1500 then next target will be above 1600. Very positive in my view. by the way now its above 9EMA as well
#HPPSTMNDS IT sector resurgence has started I think and some of the IT companies are looking nice. One such stock is Happiest Minds Techno Ltd which I think is close to a nice breakout! Keep an eye, as confirmed breakout can lead to 25-50% move in coming weeks/ months.
Bullish on tata elxsi as I am going to hold this stock. Consider this as a swing trade
can buy near 414 and keep sl on close below 394 . a decent risk reward ratio of trade works out, slow mover stock so tons of patience required, if works then even 10:1 reward isnt ruled out
Mphasis Looks good here. It is a decent breakout.
Tech Mahindra has been consolidating for quite a while now. just as with any other cream IT Company, looks like it's gearing up for some momentum. It formed a beautiful symmetric triangle breakout and is now in a retest mode. A continuation of that breakout can trigger some good momentum. Also, check out our opinion on the overall IT Sector. What do you...