Nifty IT at crucial juncture Nifty IT at Make or Break level. If this level holds it can support Nifty as well.
Niftyit
Support Zone of Nifty IT: Good time to Accumulate Tech StocksNifty IT heading towards Support Zone. Time for Bottom Fishing of Tech Stocks.
Go through heavy weight counters of IT Sectors
Infy
NSE:INFY
TCS
NSE:TCS
Tech M
NSE:TECHM
Naukri
NSE:NAUKRI
IT Index re-testing the Break OutIT Index had given a major BO from the squeezing triangle. Mostly it is coming back to test the breakout. Major supports here are 37362, 37264, 37196 and finally 37125. Mostly IT should reverse from that range. Post re-testing is done IT will slowly consolidate and move towards making fresh highs above 39442. Our target of IT Index for 2022 is 40211.
INFY LONG ??? RESULT DAY TRADINGGood Morning guys
My Personal view about INFY
Im bullish on INFY
Buy @ CMP
Targets :
1925
1961
2000
sell below will be 1800 (If market close below 1800 level)
Thank you
NEWGEN SOFTWARE - BuyHigh Probability Trade Setup
Buy NEWGEN Software above 620.
Risky traders can even buy around 600-610 range.
Stock looks good for mid-term.
Above 645, stock can blast and we can see 700++ levels as well. Refer chart for in detailed levels.
There is a gap created from 664 to 645, high probability of gap getting filled in coming week.
Good Volumes seen on the chart on Friday. Stock has retraced from 50%. High chances of 700 levels in coming days.
ROUTE 1DAYROUTE is consoladating a long way, earlier corrected 30% now again corrected at 30%. Now can reverce from here till the box then make the new high from the green line.
NIFTY IT : IN CHANNELNIFTY IT AGAIN ENTER IN CHANNEL...False Break out was seen on Saturday but due to Heavy selloff in market Nifty IT Again Enter in DECENDING TRIANGLE
Nifty IT Triangle BreakoutNifty IT will be my radar for up coming sessions. Might come for retest but over all looking good for up side.
NIFTY IT : IN DECENDING TRIANGLENifty it trading in correction of 4 hour chart...and also rangebound trend....now trade in upper range of triangle....pricewise Correction correction is completed when Nifty it till 34400....and expected to till Feb 2022
IT SECTOR : Still in uptrendIT 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 leg of upmove on breakout of the current trading (box) range marked.
Only for educational purposes, not a buy/sell recommendation.
Nifty IT34550 in IT sector can be a major support zone. Below this I will looking bearishness in IT Stocks. Keep an eye
abaove 35350 nifty IT will give breakoutabaove 35350 nifty IT will give breakout
RSI positive Divergance
taken support from demand zone on daily time frame
Redington Retest ReversalThe 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.
Cyient ReversalThe 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.
NIFTY IT Sector to be watchout !!🛑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 NIFTY 17600 ) if breakdown this level then market will get major correction for sure
🛑IT sector to be watchout for up coming couple of weeks
NIFTY IT -NEoWaveUpdating the old published idea, As already mentioned there that the wave-B of the pattern is forming a expanding triangle, which is about to finished and it is ready for the wave-C of the larger pattern.
NIFTY IT - Daily NEoWaveNIFTY IT is about to finish its B lag, which will confirm about flat or zigzag pattern, once it confirm b lag end it will go for the lag c in down side. Minimum downside will be 34500.
DIXON60MINDIXON 60MIN is correcting a little bit and now reversing. It is showing a head and shoulders pattern the bottom pink box is the support and the upper pink box the resistance, also red lines are the resistance can buy after the candle closes in 15MIn timeframe above the upper pink box.
Buy above TechmIT sector moves very positively towards upside. Techm also looks bullish, if it break previous high upside move will be very quick and nice return for swing traders. Take a chance and keep looking.
MAJESCO 60MINMAJESCO 60MIN is a historical stock that give dividend of 950+ RS which is 95% of the stock value of that time. Now currently it is making a head and shoulder pattern and a trendline. The red line is the resistance after the breakout.
Mphasis stock analysisMphasis on a daily timeframes showed us a recovery from 2750 level by projecting a inverted head and shoulders pattern. If it is manages to close above 2930,we can initiate a swing position in it..
