- Here is an update to the Nifty IT analysis we posted back in 2022. - The price action is pretty sluggish. Literally "Trading in the Zone" ( Get it? If not you need to read that book " Trading in the Zone by Douglas" It will teach you the psychology aspect of trading) - We will keep updating the price action as it unfolds. - In the meantime, look at how NDX has...
The chart should give you everything you need to know. But here are some pointers for those who like to read: - A beautiful Symmetric Triangle breakout. The support and resistance trendlines were religiously followed. Thus, making the pattern stronger. - The consolidation period was a good 15 months. Every IT company has gone through the pain. - We have defined...
- The Age of the Indian IT sector seems to be coming back, with NASDAQ:NDX gaining new momentum. - This week was a good one for TCS - It finally closed above its crucial resistance zone and the 3500 Mark - It also broke the symmetric triangle formation, paving the way for future momentum. -The next week will be crucial as the price spikes will sink in. The...
Here are some pointers for HCL: - HCL recently broke its range and the final resistance trendline. - The breakout was quite close to a resistance zone. A bearish engulfing prompted selling, but retest and continuation potential remains. - A retest candle with a long lower wick signifies bullish sentiment. Notice the price sustained over the trendline. - Your...
Okay, This one was requested by @sanketkumbhar88 : Here is all you need to know about NSE:AFFLE : - Affle has been in a volatile 400-point range since 2021 - Currently, It is forming a Descending Triangle formation taking exact rejections from the resistance trendline - We have a game zone to confuse investors - The 1000 psychological mark doesn't seem to...
If Wipro breaks 465 and sustains then 527 will be the target. We can accumulate it till 440 and with a stop loss of 425 and a target of 527 is it a good fit and is it correct what I've done. Or wait for it to retest 465 and then only enter. Thanks for feedback in advance. Mukund
Down wedge, wait for breakout and enter. Buy abv 2190 Target 2444, 2700, 2850.
IT sector started its journey and the stock which will give highest return with the rally is here.
A bit unusual for me to try and make a idea about a specific stock, but here goes! Crowdstrike has always been a darling for me and I have been in-and-out of the stock a couple of times, but this time im in it for the long run! Clear upwards trend, with a nice couple of close support/resistance levels. The current one we are at now from 168-169. Should go...
Pretty easy one to comprehend. 4 edges to short explained and levels for tp are clear.
Subex has given good breakout on both long and short time frame. Good base formation at 30-32 level. stock can move towards 39 and 40. If it sustains can go further towards 50-60. Volumes are building and something good can be announced soon. Company has lot of sectors including AI, Blockchain, security, tele communiction. One should visit company site to...
Tech Mahindra has been consolidating for quite a while now. just as with any other cream IT Company, looks like it's gearing up for some momentum. It formed a beautiful symmetric triangle breakout and is now in a retest mode. A continuation of that breakout can trigger some good momentum. Also, check out our opinion on the overall IT Sector. What do you...
A long term view on INFOSYS. Disclaimer: I am not a SEBI Reg. Analyst. Please do your own research before trading or investing
The initial public offering (IPO) of AIRLINK 75 took place, and currently, the stock is trading at $21.50. From this point, there appears to be a potential upside of 38% in this stock, with a recommended stop-loss level set at $19.60. This analysis suggests that the stock may have room to increase by 38% from its current price, and it is advisable to set a...
In 2022, Facebook NASDAQ:META performed fantastically and fell -76% from its peak! On the channel, we warned that this was a gift of fate and shares should be bought, because the company still has a huge audience, revenue and profit. Yes, revenue is no longer growing at a rapid pace, but rather falling from quarter to quarter. But the company boldly declared...
Hey :) A quick update on WOJAKUSDT. Had to change my strategy and take a ~30% loss. Ready for some profits with two shorts that I'm going to trade within the next two weeks. What do you think? Leave a comment and check out my PEPEUSDT trading idea ♥️
IT is experiencing a double top. A higher high is present which might affect the double top but we will just ignore that for now Expect downward move as per the bearish pattern
Well... Not a well good day/week/year to publish an investing idea, but... there you have my bet. Globant still is a huge dependency for tons of big companies (like Disney, EA Games, Banks, etc). My bet still positive about GLOB.