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Niftyit

TCS - Bullish trend (Intraday - 19/4)Positive Side : 1. Formation of Cup & Handle pattern. Indication for a bull run. 2. The same cup & handle pattern follows for Nifty IT, which gives an additional support for a bullish run for the entire IT stocks. 3. Can expect a huge return, if the market support the uptrend. Negative Side : 1. Last two monday trading sessions turned out to be a disaster in the market. So, if it follows, IT stocks too can fall along with it. So recommended to keep 20pts below the trendline breakout.
NSE:TCSLong
by VigneshRaja-UthayaKumar
LTI Double Top Pattern at Strong SupportLTI is forming Double Top pattern on 1D chart timeframe, It has taken support for six times on support line. As nifty IT is also in uptrend move LTI can go up from these levels after a retrace. Target Price 4030(short term) it may go up to 4300 if hold for a bit long. Stop loss should be at 3574 (or depends on your risk management). Mostly double top patterns give a sell call, but LTI is showing good quarter results with new business deals and a very strong support at respective levels, there are chances that it will go in upward direction. This is my first post, please share your thoughts. Thanks.
LLong
by Aman_333
WIPRO - Wipro LtdLevels - Buy - 432+ Target - 470 SL - 418 The stock has tended to show a strong up move in the month where earnings are reported. The trend has been consistent over the past year and by looking at the current outset of WFH and COVID-19 second wave, it is most likely to continue. The quarterly and annual results will be announced on April 15, 2021, which might make the stock revisit the levels of 470. In addition to that, post Q3 results the stock has formed a flag pattern on both weekly and daily charts, therefore a breakout cannot be ruled out while an event is planned for the coming week. Once the level of 430 is breached on the upside, which is acting as a resistance, the stock can go up to the levels of 470, an up move of close to 10%.  IT shares in the given circumstances of WFH due to COVID-19 is a safe bet as there has been a significant increase in operating profit of the companies which will continue in coming quarters if the situation stays like this. This can be observed by looking at their quarterly results. NOTE: These findings and levels are purely based upon the knowledge and understanding of the post publisher. The idea here is to predict the future price movements hence, please do not consider this as stock advice or recommendation.
NSE:WIPROLong
by mishraparimal09
TECHM - Tech MahindraLevels - 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 pattern can be seen on daily charts 4. Trying to cross its 25 and 50 days EMA. The stock has a strong supply zone of 1008-1014, post breaching these levels on the upside, TECHM can see a rally up to the levels of 1040 and then 1080. NOTE: These findings and levels are purely based upon the knowledge and understanding of the post publisher. The idea here is to predict the future price movements hence, please do not consider this as stock advice or recommendation.
NSE:TECHMLong
by mishraparimal09
IT STOCKS - Start of another leg of bull rally? - ANALYSISThe analysis is done purely based on chart patterns and price action. The analysis is done on 15 min TF, but the target as shown in charts can take couple of days upto weeks. As can be seen from NITFY IT chart as well as from charts of stocks linked below, price went for retracement phase, made a low on 21st December 2020 and then gave breakout from trendline. Thereafter the price gave good breakout and came down to retest the levels. This can be a signal another leg of bull rally. Targets are determined with the help of Trend-Based Fib extension tool. Traders must check for signals of reversal before entering into any trade. This analysis is just for study purpose and to show beginners how to analyse a sector and its stocks. This is not a trade recommendation. Traders must trade with their own risk and money management. TCS chart analysis- INFY Chart analysis - WIPRO chart analysis - HCLTECH chart analysis - Feel free to comment for any suggestion or query regarding price action or chart analysis.
NSE:CNXITLong
by AdityaKarn90
2
Nifty - Sector wise comparison | Select your trades wiselyThanks for coming to this update. Before you start reading kindly hit that like button. It motivates me to keep doing such work for free. Thanks The chart above shows Nifty's sector-wise analysis. As we can see, the Pharma sector has performed the best in terms of returns since the crash followed by the IT sector. Finance and Realty (Real estate) have performed the worst with almost the same level of % gain. A few things to notice would be that the Pharma sector has been moving sideways for almost a month and the IT sector is now the sector that is going up. Finance and Realty have gone down and may show some bounce from where they are, but may not be good enough to start going long unless you have a long term perspective in mind. The rest of the sectors have been fairly sideways with occasional bounces and dips. Having knowledge of the sector performance while investing, holding positions, or even Intraday is beneficial and thus plan your trades accordingly. Please note: These are my views and not trading advice. Please consult your financial adviser before making any trading decision. “Trading doesn't just reveal your character, it also builds it if you stay in the game long enough.”
NSE:CNXREALTY
by iSauravKr