Tata Elxsiwait 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
Itstocks
NIFTY ITHello & 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 hold it would take it down to 35250-34500.
Key levels to watch out on both sides 36000-36800 for a trend direction move.
Infosys BreakoutThe 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.
Zensar Tech ReversalThe 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.
Birla-Soft BreakoutThe 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.
Nifty IT34550 in IT sector can be a major support zone. Below this I will looking bearishness in IT Stocks. Keep an eye
Wipro ReversalThe 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.
AURIONPRO SOLUTIONSIt 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.
Tech Mahindra - Daily Movement In ChannelStock is trading in a Channel pattern...we can take trade as per support and resistance.
Already breakout given.. this may retest levels.
KELLTONTEC - Buy TradeMultibagger 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% with FII 1.34%.
And why should I buy it ?
1) One of the leading company for digital transformation and integration.
2) Digital commerce & Marketing.
3) Outsource product development.
4) Delever SAP solutions end to end and is a certified SAP gold partner.
5) Internet of things platforms and solutions.
6) Strong presence in US, EUROPE. INDIA, and Asia Pacific.
7) The company appeard four time in the Deloitt technology fast 50 India list.
8) The company is a part of Forbes Asia under a billion top 200 company list.
9) Won the "Integration partner of the year" award in London.
10) They have a very big clienal list from startups to fortune 500 companies, to name few Cococola, Walmart, MAX life, UPS, Novartis, Univision, snapdeal, hatway, Flipkart, KFC, Paytm, Pizza Hut, Religare, Dupont, Makemytrip, policy bazaar, and many more.
11) Kelton recently announced that it has been chosen by ZEE5, India’s Entertainment Super-app, to build a next-generation, cloud-native content management system (CMS) that delivers relevant, real-time content experiences across all constituents of business.
12) Received a contractor $5ml from Food Corporation of India Ltd for implementation and maintenance of HR and management system.
13) Fy19 and 20 were very challenging years for IT companies and despite that the company registered a top line of 770cr, EBITDA 116cr, maintained margins of 15%, and PAT of 71cr. with an EPS of Rs. 7.55
14) Very strong return ratios, last three yrs. ROE track records is 24 to 25%
15) The average multiples for IT sector is around 50 to 60 PE levels, so now we can see how valuation are so attractive for Kellton.
Last and final point which I would like to highlight.
16) They have entered into a new streem which is booming right now, and that's *cryptocurrency trading.*
They have started developing platforms where crypto trading can be performed and is the hot theme running now a days, will develop NFT technologies and on that the trading platforms will be built. The contract which they received is very significant. Big giants are also about to enter in the same field and Kelllton will definitely have an upper edge.
Buy it to Double Your Money.
$CAMS - Strong Short term Breakout - 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
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.
Cybersecurity massive volume!On a minute chart, there was a buy trade for 266,069 shares; creating the biggest volume spike in this ETF's short history. (check volume candles on chart).
As we see the volume spike on a specific minute (10:48am ET), we can assume the trade was made by probably 1 institution/person. This means this individual created a position of 5 million dollars with a single trade into BUG.
10sma towards the $19 range shows short-term support.
Top-10 Portfolio holdings by weight:
OKTA (8.4%)
FTNT (8%)
ZS (6.93%)
Trend Micro Inc (6.09%)
CHKP (5.69%)
NLOK (5.63%)
QLYS (5.61%)
PANW (5.23%)
AVST (4.89%)
PFPT (4.79%)
Total % weight: 61.26%
Nifty IT indexGap tested per the earlier published idea. Key level is 13k below that shorts can be built.
