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Itsector

Wipro formed Spinning Candle at weekly supportWipro has been respecting the 400- 385 zone for the past many weeks. And this week, it formed a spinning pattern at the same support zone. Now the chances are high that above 400 levels, it could test 420-430 levels in no time. On the hourly timeframe, we could see price forming double bottom formation, now sustaining 392, it could move toward 400 levels initially. 400 level may act as temporary resistance and any breakout above this level, the stock would most likely be moving towards 420-430 levels.
NSE:WIPROLong
by manuagarwal21
NIFTY IT, TARGETS!!!the dark purple lines shows, if the markets go further down, then it will touch 24533 level, which basically will not happen, because markets are recovering now, and the down fall of it sector, was for a particularly us fed hikes , and now the news has been factored in the indices. coming next to the purple line(the dark orange line), markets will reach till that support only, if markets dont faces any crash or such. the third line(black line), shows a breakout line to reach the level of 34533. the indice will show its bull run and will give a breakout to black line. i have even shown the MA-50,100, for your analysis. very bullish for the IT SECTOR AND ITS ALL STOCKS.
NSE:CNXITLong
by raghavchoudhary2016
2
LARSEN & TOUBRO, first good stock in IT sector hey guys , IT sector was in a constant downtrend for a long trend , but now , we can see some CORRECTION in IT sector , and the first best company to invest in is, LARSEN & TOUBRO this stock was moving in a fixed downtrend, and this stock was making a pattern called FALLING WEDGE PATTERN and now this stock has crossed it's resistance ( of this pattern ) and we can see a GREAT BIG GREEN CANDLE , therefore , i suggest that traders should buy this stock and earn high returns , also, LARSEN AND TUOBRO is a well established company , fundamentals are also good therefore, there are less chances of BULL TRAP for traders , BUT FORST CONSIDER THE GLOBAL MARKET SITUATIONS, 1. INFLATION 2. WAR 3. RISING BANK RATES 4. INCREASING EXPORT DUTIES ON CRUDE OIL AFTER CONAIDERING THESE SITUATIONS YOU CAN BUY THIS STOCK AND EARN HIGH RETURNS , 😀😀
NSE:LTLong
by TRADERS_AREA
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.
NSE:CNXITLong
by Dinesh_C_Nagpal
1
IT SECTOR : Still in uptrendIT Sector weekly chart shows uptrend is still intact. Index trading above 30 WEMA which suggests it is in Stage2- Uptrend. Relative Strength is positive as against the Nifty 50 Index. Larger stocks within the index have seen decent correction & seems to be forming bases for next leg of move. Will be considered weak if it breaks down below 30 WEMA. Would start next leg of upmove on breakout of the current trading (box) range marked. Only for educational purposes, not a buy/sell recommendation.
NSE:CNXIT
by Saninvestor
WIPRO - Wipro LtdLevels - Buy - 432+ Target - 470 SL - 418 The stock has tended to show a strong up move in the month where earnings are reported. The trend has been consistent over the past year and by looking at the current outset of WFH and COVID-19 second wave, it is most likely to continue. The quarterly and annual results will be announced on April 15, 2021, which might make the stock revisit the levels of 470. In addition to that, post Q3 results the stock has formed a flag pattern on both weekly and daily charts, therefore a breakout cannot be ruled out while an event is planned for the coming week. Once the level of 430 is breached on the upside, which is acting as a resistance, the stock can go up to the levels of 470, an up move of close to 10%.  IT shares in the given circumstances of WFH due to COVID-19 is a safe bet as there has been a significant increase in operating profit of the companies which will continue in coming quarters if the situation stays like this. This can be observed by looking at their quarterly results. 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.
NSE:WIPROLong
by mishraparimal09