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Itsector

TECH M! Retest and Continuation?? 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 think?? If it was worth your time, do give us a like. Anything on your mind? Feel free to leave us a comment :) DISCLAIMER: WE ARE NOT ADVISORS. WE ARE NOT REGISTERED. THE IDEAS ARE MERELY PERSONAL OPINIONS. PLEASE CONSULT YOUR FINANCIAL ADVISORS BEFORE INVESTING. WE, LIKE EVERYBODY ELSE HAVE THE RIGHT TO BE WRONG :)
NSE:TECHMLong
by TheChartereds
4
TECHMAHINDRA - NSECo website- www.techmahindra.com India's 6th largest IT company-- Communication, Media & Entertainment, Retail & CPG, Healthcare & Life Science, Banking & Financial Services, Transport, Hospitality & Logistics and Manufacturing & Utilities 150000 professionals across 90 countries, market cap 1.1lc cr ( $13.5 BILLION ) , 10% Sales growth yoy, virtually debt free, 64% free float. Inr - usd trading @ 82, future results to benefit from forex flux. Bet you know someone who works there ;) Setup is clean, money punted in. LFG
NSE:TECHMLong
by EVOQUE5000
Interest Rate Hikes & Bank Collapse: How to Protect Your TradingThe Federal Reserve has been increasing interest rates for the past 9 months, causing a ripple effect throughout the financial world. In recent week, we have seen 3 major banks collapse as a direct result of the interest rate hikes, which has caused trouble in the financial world as well. As a trader, it's essential to understand how these events can affect your trading decisions and how to navigate the current situation. The Impact of Interest Rate Hikes on the Financial World Interest rate hikes have a direct impact on the financial world, including the stock market, bond market, and the housing market. As the Federal Reserve increases interest rates, borrowing becomes more expensive, which can lead to a slowdown in economic growth. It can also lead to increased volatility in the stock market, as investors react to the news and make changes to their portfolios. The Collapse of Banks and the IT Sector The recent collapse of two banks has caused trouble in the stock market specially IT sector, as many IT companies & startups have provided services to these banks. The collapse of these banks has caused a ripple effect throughout the financial world, leading to concerns about the stability of the financial system. Navigating Trading During the Current Situation As a trader, it's important to stay informed about the current situation and how it can affect your trading decisions. Here are some tips for navigating trading during the current situation: Stay informed: Keep up-to-date with the latest news and developments related to the interest rate hikes and the banking collapse. This can help you make informed decisions about your trades. Diversify your portfolio: Diversification is always important in trading, but it's especially crucial during times of economic uncertainty. Consider spreading your investments across different sectors to minimize your risk. Monitor volatility: As interest rates continue to rise, volatility in the markets may increase. Keep an eye on market volatility and adjust your trading strategies accordingly. Be patient: It's important to be patient and avoid making impulsive trading decisions based on emotions. Take the time to analyze the market and make informed decisions based on your trading plan. Use stop-loss orders: Consider using stop-loss orders to minimize your risk and protect your investments. Stop-loss orders automatically trigger a sale when a stock falls to a certain price, which can prevent you from incurring significant losses. Stay disciplined: It's important to stay disciplined and stick to your trading plan, even during times of economic uncertainty. Avoid making impulsive decisions based on emotions, and focus on your long-term trading goals. Take advantage of opportunities: While economic turbulence can be challenging for traders, it can also create opportunities for profit. Keep an eye out for undervalued stocks or assets that may be poised for growth in the future, and consider taking advantage of these opportunities if they align with your trading goals and strategy. Avoid overtrading: During times of economic uncertainty, it's important to avoid overtrading and taking on too much risk. Stick to your trading plan and avoid making impulsive decisions based on emotions or short-term market movements. In conclusion, the current situation of interest rate hikes and banking collapse can have a significant impact on the financial world and your trading decisions. By staying informed, diversifying your portfolio, monitoring volatility, and being patient, you can navigate this challenging environment and make informed trading decisions. Remember to always prioritize risk management and stay focused on your long-term trading goals.
SP:SPXEducation
by AfnanTAjuddin
MPHASIS - 12/11/2022-LOOKING GOOD#MPHASIS... ✅ 🔹🔹🔹🔹🔹🔹🔹🔹🔹 👇👇👇👇👇👇👇👇👇👇👇👇 INTRADAY/ Short term delivery call as well 👍 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... 📚📚👁🚀 📚 🚀🚀🚀🚀🚀🚀🚀🚀 Possible to give good target 👍👍👍👍👍👍👍👍
NSE:MPHASIS
by trading_facts96
AFFLE, TREND ANALYSIS!the lines drawn are the trends, based on the market behaviors. some lines are short term ones, and chart patterns. i will make you go through it. the two black line and one dark black line, are the major trend, where the stock should be following, but since IT sector had gone week past year, and much FII selling had come through, the stock needs to come to its lower support area. the two dark red lines are drawn, that says the trend for the bear market and for the short term. the stock has supported it several times, trading in that zone. the stock is strong enough, to not break its support. whenever the market has gone bearish, those times the stock supported the red line(support). further, moving to the chart pattern, the blue lines are those. you could see a beautiful triangle formation, and the path for both sides is drawn. but i mostly think, the stock will be carried upward, since NIFTY has given its breakout, and many global situations have mostly factored in the indices. the green line, drawn is a good support for a breakout trading, that line has been touched many times, and this time it has a good change to break it out, without further giving a pullback or coming to the past range. the stock is at a good discount, if it breaks the chart pattern(drawn in blue), then i will be going short, otherwise, its a great to buy. trade with a stoploss. the stock is currently, about 25% at a discount.
NSE:AFFLELong
by raghavchoudhary2016
OFSS counter trend rally OFSS is in counter trend rally as a wave ABC, in which wave A and wave B are completed and now possibly we are ready to unfold wave C of B retracement in daily time frame. Price is in upper part of Bollinger band in daily Macd in daily positive crossover and Uptick Macd in weekly positive crossover and Uptick Rsi in daily above 60 uptick Dmi adx also positive in daily time frame Most traders 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....! Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult your Financial advisor before trading or investing I am not responsible for any any kind of profit or loss
NSE:OFSSLong
by RK_Chaarts
Wipro formed Spinning Candle at weekly supportWipro has been respecting the 400- 385 zone for the past many weeks. And this week, it formed a spinning pattern at the same support zone. Now the chances are high that above 400 levels, it could test 420-430 levels in no time. On the hourly timeframe, we could see price forming double bottom formation, now sustaining 392, it could move toward 400 levels initially. 400 level may act as temporary resistance and any breakout above this level, the stock would most likely be moving towards 420-430 levels.
NSE:WIPROLong
by manuagarwal21
NIFTY IT, TARGETS!!!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 that support only, if markets dont faces any crash or such. the third line(black line), shows a breakout line to reach the level of 34533. the indice will show its bull run and will give a breakout to black line. i have even shown the MA-50,100, for your analysis. very bullish for the IT SECTOR AND ITS ALL STOCKS.
NSE:CNXITLong
by raghavchoudhary2016
2