#COFORGE... Intraday as well as swing trade All levels given in charts IF good potential seen then we work in options also if activate then possible a huge movement Keep eye on this We take trade only when it activates...
The chart shows 15 years track record of the Nifty-IT sector. Out-performers : 1. Coforge 2. HCLTech 3. TCS 4. Infy Under-performers : 1. TechM 2. Mphasis 3. LTIM 4. Wipro 5. LTTS When the IT sector starts to turn and takes charge in the sector rotation, I would be rooting for the historical out-performers which create value.
IT stocks are majorly dependent on US market and Nasdaq plays a major role in movement of IT index, so thought to have a look on NDX and the pattern it looking is pretty bearish. Though index is trading at support but if this index failed to hold level then we may see good selling pressure. currently there are 3 negative patterns the index is in. 1. Inverted...
Breakdown if trading channel... every rise is a sell. 28727 odd levels is a bullish Point of NIFTY IT Sell on rise near this levels.... two consecutive close above this can turn the trend to green again. Like.... Share... Comment....
NIFTY IT INDEX Support & Resistance on Weekly Closing Based. NSE:CNXIT
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...
since nifty it, has started to get its impulsve waves, there is a less probability that mindtree will fall down again, so it will give a breakout. and one more reason it will give a breakout is it has completed all its waves. and it is falling nifty IT quite a lot, so from my analysis it will reach the given target(waves drawn in chart). rectangle part is the...
nifty it is now started showing a bull trend. i had even previously posted about tcs and nifty it, where i could a lot of cheers. one can take target @426 target 1- @450(for very short term) target 2- @526(for swing trade) one can go for lonf term by currently buy at this point, since 400 is the the bottom(and accordingly to my analysis it cannot go down any...
Nifty IT- target 30500 cross. i have drawn the waves for the short term, it looks like nifty it has completely corrected, and now it has to start its run. it will go up, with a rally or with some corrections in between(idk), but i guess it has touched its bottom, and will now move upside. plus, have look on rsi indicator, and macd(strategy). they have started...
Nifty IT Index now trade around 33400 if break out below 33400 first support 31300 and finally i expect 29300
Nifty IT Index support 33400 if break out below this lvl big fall expecting upto 29000 to 29300
CNXIT is traveling in a channel and it got a rejection from the top of the channel we have a demand zone for CNXIT from 34453 to 33500 We are going to be bullish in CNXIT until a daily candle closes below 33500. So we can plan swing trading in this sector and we can take long positions if get any long setup in the stocks which come under this sector but we...
Wipro came up after good TL breakout and with good volume. Expecting gap up tomorrow.
🛑NIFTY IT Sector breakdown and closed below 34600 zone which is psychological support zone and by now, ◽ if it traded n closed above 34600-34700 zone then BUY on dip will work very well in IT stocks where every major IT stocks falled about 10-20% from their highs ◽ with market perspective 34000 will be very crucial support level to hold IT stocks ( and for...
HCLTECH - It has completed ABC flat correction as the part of complex WXY. Now X wave is in progressing. So wait for X wave to finish higher around 880 or above. Thereafter Y wave will again start bear cycle downside. Give thumbs up if you really like the trade idea.