NSE:INFY only take position once it breaks & closes on either side.
OANDA:USDINR utilize these levels for your trade reference.
NSE:HCLTECH gave a flag breakout but has resistance going ahead. A close above 582 will put it in rocket.
Observations: For time horizon of next 1-2 Months. Nifty IT has been trading in an narrow range from past few days. CMP : 14500 Levels Trend : Not Sustaining at upper levels... Likely to drift down if Closes / Breaks below 14300 Strategy: Keep Selling on every rise to 14600 - 14630 Levels View negates if closes above 146650 Levels Options: 14200 PE looks...
INFOSYS has broken a small trendline resistance of 683 and managed to give a closing above 690,things would be in total control for bulls if there is a closing above 700 for a target of 725/745 because the most important thing is that infosys today filled its island reversal gap and was able to sustain that gap on upper side which was missing in earlier moves.
NIFTY IT - we can clearly see Higher Highs and Higher Lows on daily basis from past week . Keep an Eye on INFY / WIPRO/TECHM/NIITTech/TCH / HCL Tech Spend few minutes looking at past week charts of these stocks
Gap tested per the earlier published idea. Key level is 13k below that shorts can be built.
Over the short-term stocks that have been hit the hardest, like Endurance Technologies Ltd., are continuing to mean revert to the upside. Money is rotating out of Nifty Pharma, Nifty Fast Moving Consumer Goods, and other areas that have led the recent rally and is now flowing into other areas like Nifty Financial Services that have yet to participate to the same...
@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
HEY GUYS, AFTER MY ANALYSIS OVER MRF I OBSERVED THAT THERE IS SOMETHING THAT IS PUSHING THIS STOCK TO DOWNSIDE, AND SO I HAVE DECIDED TO SHORT THIS STOCK.
Since January 2, Infosys has a new CEO who, under the eyes of specialists, brings new airs and clear goals. At least from here to the next resistance we must see Infosys rise like a champion.
Short the Nifty IT looking weak , may test 9890 in coming days .
Nifty IT is the only index that has not started any strong up move till now. A move above the 0-B trendline could kick off it's uptrend following which some IT stocks (like HCL) can be bought too. A strong up move should start soon as we're already near 76% retracement. Otherwise it could make a new low negating this setup.