the dark purple lines shows, if the markets go further down, then it will touch 24533 level, which basically will not happen, because markets are recovering now, and the down fall of it sector, was for a particularly us fed hikes , and now the news has been factored in the indices. coming next to the purple line(the dark orange line), markets will reach till...
Next Nifty IT Support & Resistance Levels On 1 Day Timeframe NSE:CNXIT
The stock has broken down and retested, therefore may undergo a mild correction in the short term. Trade is supported by Resitances Nearby. Risk Reward Ratio - 1.5:1 SL is placed above the resistance zone & the upper trendline. The target is placed near support.
Hello and welcome to this analysis TCS is attempting a breakout from its slanting channel which suggest a possible upside till 3350-3450 as long as it does not break below 3075 It could be the rank outperformer among IT stocks in the month of AUGUST.
HCl tech here bat & butterfly pattern complete looking good for swing & midium term.
hey guys , IT sector was in a constant downtrend for a long trend , but now , we can see some CORRECTION in IT sector , and the first best company to invest in is, LARSEN & TOUBRO this stock was moving in a fixed downtrend, and this stock was making a pattern called FALLING WEDGE PATTERN and now this stock has crossed it's resistance ( of this pattern )...
The stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by Supports Nearby. Risk Reward Ratio - 2:1 SL is placed below the support zone & the lower trendline. The target is placed near resistance.
The stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by Supports Nearby. Risk Reward Ratio - 2:1 SL is placed below the support zone & the lower trendline. The target is placed near resistance.
Hello & welcome to this analysis on the IT Index. With Q4 results starting from 2nd week of April, IT stocks will once again be in limelight. If the index can sustain above 36700 it could lead to rally till 37750-38000 where it has a line of polarity besides a Bearish Harmonic Cypher. This continuation of bullish outlook is valid till its above 36000. Failure to...
The stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by Supports Nearby. Risk Reward Ratio - 2:1 SL is placed below the support zone & the lower trendline. The target is placed near resistance.
The stock has reached lower trendline and 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 resistance. Market is bearish , so take positions carefully.
IT Sector weekly chart shows uptrend is still intact. Index trading above 30 WEMA which suggests it is in Stage2- Uptrend. Relative Strength is positive as against the Nifty 50 Index. Larger stocks within the index have seen decent correction & seems to be forming bases for next leg of move. Will be considered weak if it breaks down below 30 WEMA. Would start next...
The stock has reached lower trendline and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby. Risk Reward Ratio - 3:1 SL is placed below support zone & the lower trendline. The target is placed near resistance.
The stock has reached lower trendline and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby. Risk Reward Ratio - 3:1 SL is placed below support zone the lower trendline. The target is placed near resistance.
The stock has reached lower trendline and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby. Risk Reward Ratio - 3:1 SL is placed below support zone & the lower trendline. The target is placed near swing high.
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. Do Your Own Research This idea is not meant for short term trading, rather for medium to long term investing.