A likely Cup and Handle Structure is forming in IT Index on Weekly charts. It has been underperforming since last 24 months or so. It had reached 39446 levels in January 22. Since then the peak remains unscaled. There were multiple reasons for this. Let us analyze the reasons which resulted in decline of IT Index and let us see how the future looks for...
IT Index has given a proper closing above both 50 and 200 days EMA (Mother and Father Line) at 34023. It was threatening to do so since few days. All it needs to do for confirming upside is a proper bullish candle tomorrow and closing above important resistance levels of 34269 and 34632. If this happens the next levels of resistance for IT index will be 35337,...
Daily Gap in the chart Breakout Retest done Accenture Result over Worst is over in this quater For 12Months is Good Level for investment through ITBEES or Tata digital Mutual fund
Infosys monthly chart has faced rejection from downward trendline. The uptrend on lower time frames seems unreliable. ❤ & follow for more.
Hello & welcome to this analysis WIPRO in the weekly time frame has activated a Bullish Harmonic Alt Bat. It could be accumulated between 360-415 for upside targets of 525-600. View goes wrong below 325
CNXIT again trading near Weekly support, this could be good time to start adding IT ETF in portfolio for long term. if it goes down more, there is another strong support to add more. This my personal study & for educational purpose only. I may be 100% wrong. Like, Share, Comment for regular updates. Disclaimer I am not sebi registered analyst My studies are...
Nifty IT Index breaks trend line at weekly candle also now at retracement for uptrend ,buying this range is better risk reward for long-term perspective.
As we can see that given chart the IT sector as form very good base , with bull sash candlestick pattern on last month low with fibonacci retracemet also at that same level suggest how important that level is for price. Bull sash is very pwerful bottom forming candlestick pattern with high success rate. As last week was bearish but this week price gapup plus give...
#TVSELECT NSE:TVSELECT CMP: 299 TP: 360 SL: 270 TF: <6m RR > 2.2 times Return 20% Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are...
Key highlights: 💡⚡ On basis of Weekly Time Frame 📊 Currently NIFTYIT has given Double Bottom Breakout with confirmation. 📊 Keep an eye on IT sector's scripts. 📊 Example : LTTS , COFORGE , TECHM 1st Target - 32816 2nd Target - 34381 Support - 30559 ⚠️ Important: Always maintain your Risk & Reward Ratio. ⚠️ Purely technical based pick. ✅Like and follow to...
Educational purpose only #CNXIT #NIFTYIT CNXIT NIFTYIT CNXIT NIFTYIT CNXIT NIFTYIT CNXIT NIFTYIT cnxit niftyit
#EDUCATIONAL PURPOSE ONLY #ZENSARTECH zensartech cnxit zensartechnology niftyit zensartech cnxit zensartechnology niftyit zensartech cnxit zensartechnology niftyit
Key highlights: 💡⚡ 📊 Currently NIFTYIT may take support of level 28663 which was previously working as resistance. 📊 If it is breaking support level one can go for SHORT into IT sector. 📊 Example : MPHASIS & COFORGE for SHORT. IF SUPPORT LEVEL IS BREAK THEN ONLY GO FOR SHORT TRADE. ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to...
The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: its my view only and its for educational purpose only. only who has got knowledge in this strategy will understand what to be done on this setup. its purely based on my technical analysis only (strategies). ...
Bat Pattern: It starts with a bullish XA move. AB is then bearish . BC is bullish , and CD is bearish again. XA: This can be any price activity on the chart. There is no specific price movement in Bat chart formation. AB: The AB move should be between 38.2 to 50 % Fibonacci of XA. BC: The BC move should finish between 38.2% and 88.6% Fibonacci of AB. CD:...
Bat Pattern: It starts with a bullish XA move. AB is then bearish . BC is bullish , and CD is bearish again. XA: This can be any price activity on the chart. There is no specific price movement in Bat chart formation. AB: The AB move should be between 38.2 to 50 % Fibonacci of XA. BC: The BC move should finish between 38.2% and 88.6% Fibonacci of AB. CD:...
Keep an eye on CNXIT - Index of IT Sector Index is at its resistance zone around 28460 if it gives breakout it will give rally of 2-3% upside. Keep tracking IT stocks Which can give good amount of return. example : COFORGE - Symmetric Triangle Breakout
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.