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...
Zomato is a SELL because: - Promoters Selling - No Moat in business - Valuations High
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.
Wipro at weekly support. 47% down from ATH. Rsi oversold, followed by positive divergence. Observe price action in this zone, ( 374- 408) - stock might bottom out here.
Fundamental : ROE > 20 % Revenue Growth > 17 % EBITDA > 12 % Technical : Hammer formed this week SL : 1008 Target 1 : 1230 Target 2 : 1337 Target 3 : 1434 Target 4 : 1524
Nifty IT sector near major support @27500/27200 if not close below we seen sharp bounce back .
wait 7430-7480 levels , to cool down then it would be a great entry April 20 is result day , stock has already rallied with good q4 resukts exceptations
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 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.
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.
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 resistance.
34550 in IT sector can be a major support zone. Below this I will looking bearishness in IT Stocks. Keep an eye
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 swing high.
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.
Stock is trading in a Channel pattern...we can take trade as per support and resistance. Already breakout given.. this may retest levels.
Multibagger Stock Pick KELLTON TECH - Buy CMP 78. Target Rs140 Kellton Tech Solutions Ltd. is an Indian IT, outsourcing and software development company headquartered in Hyderabad with offices in US and Europe with market cap of around 727cr, trading on a PE of just 10.9, ROCE at 20.7%, Book Value of 46.7, Face value of 5 and has a promoters stake of 55.85%...
- Ascending triangle pattern - Breakout with huge Volumes - Shakeout may give a better Risk reward ratio - Average price for entry can be 2430 with stoploss of 2335
Levels - Buy - 1014+ T1 - 1040 T2 - 1080 SL - 990 Indian IT Sector stocks are hitting all-time highs. Keeping this undertone in mind, TECHM is a strong candidate to buy due to the following reasons: 1. So far TECHM has not participated aggressively in the rally 2. Organization has seen some major tie-ups with large tech companies in the previous quarter 3. Flag...