LTI LONG BUY - IT boomingOut of the 10 stocks in NSE:CNXIT index , NSE:LTI has 5.94% weightage.
The stock is at a good support level and also in a trendline support, following from July 2021.
As IT sector started booming again , as per my view, We may see this stock hit 8000 in near weeks.
IT sector view : looks bullish for next couple of weeks
The trade seems in a good reward to risk ratio (~ 3.98)
Trade Details:
Entry: 7150 or below
Stop Loss : 6950
Target: 8000
Duration : 3-4 weeks
As this stock has a earning release today, we may see a gap up on today.
Stay Safe, Happy Investing:)
CNXIT
CNXITChart study shows bullish IT sector, dotted trend line drew on monthly chart from top of sep month and it's working fine on daily chart as support and resistence, which is broken upwards on Friday also, also closed above EMA20 entire week starting 8th Nov, 34400-34778 working as a great support since sep 1st week. Seeking target 37335-37823., if closes above 37900, can expect further momentum.
100EMA,200EMA,400EMA CROSSOVERHi,Trading View Family, I have found Infosys chart very intersting, On 30 min we have 100EMA,200EMA,400EMA close to each other this is a very good sign that price can show moment,According to Techanical analysis when ever Price comes close to EMA the tend to give movement, In this chart we can initate buy order when 100EMA CROSS 200EMA and then 400EMA simultaneously on 30 min Time frame , We can take a swing trade with Risk Reward of 1:2.
Date of Analysis:-6 November 2021
HCL TECHHCL TECH can give a good performance.
Buy- above 1272
Target- 1305, 1320
SL- 1230
(Hoolding 4-5 business days).
CAMS 15MINCAMS is ready to give breakout making a triangle pattern. Can buy after the volume breakout of the triangle, target are green lines and short after the red lines.
INFOSYSIt has activated a Bullish C Clamp as per Ichimoku in daily time frame suggesting further up move till 1400 as long as it does not breach 1330
#HGINFRA #MULTIBAGGER #STOCK #CANDLESTICKS @in_tradingview#HGINFRA
HG Infra Engineering Ltd. (Part IX)
CMP: 226.80
Buy @ 218 (consolidation expected)
Target: 240 / 267
SL: 208
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Tech Mahindra Ltd.
CMP: 732.6
Target: 765 / 810
SL: 699
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CNXIT - Looks Range BoundIT Index weekly chart suggesting it may trade sideways for some time and it should hold 13000 levels on the weekly basis to continue the trend it started from 11000 levels
On the Basis of previous price action, I am expecting 13000 levels would act as good support and only the decisive Break of 13000 levels can take the index to 11000 levels.
#NIIITLTD @NIITLtd #CNXITTechnical Indicators Showing Breakout Above
Technical Breakout
Up Flag
Low Risk Moderate Return
First Target Rs . 110
Second Target Rs . 115
Third Target Rs . 120
Stop Loss Rs . 98(on closing basis)
CMP Rs . 103.2
If Crosses 120, Hold for rally and trail SL.
Monthly Chart of Nifty IT@jagrut
Monthly Chart of Nifty IT
The index is trading in the Channel Pattern since April-2019 to till date. Similar pattern was observed from March-2015 to Nov-2016.
Both the Channel pattern has been shown in the chart.
Then outlook for the index in coming year looks bearish.
On Monthly chart the index is trading in Channel as shown in the chart.
For education purpose
KPIT ShortIT sector has had a brilliant time in last month or so.
KPIT was super.
The tide is turing now.
140 seems likely from current levels
Cnx it has shown breakout in trendline...result session will start with some infosys after the new guide lines in oct'16 and trump win in usa ...
let's see what will happens in IT in india
Bullish on CNX ITCNX IT possible count. If this count is correct, an impulsive move to the upside should start.
TECHM Weakening ( in Wave C Momentum)As per my observation, the stock looks weak and so as IT looks weak too.
I believe Tech Mahindra is in its third correction wave, in which 5th impulse wave in progress as per the elliott wave theory.
Preferable Risk and Reward Ratio
