A sectoral analysis after quite long time.
I had previously covered Nifty Pharma & Nifty Energy which have outperformed Nifty.
However, Nifty IT has largely underperformed in the last 2 years as compared to broader indices mostly because of recession in western countries.
The sector is in consolidation since last 3 years and all the investors of large cap IT companies have been waiting for a breakout to happen.
If the chart of Nifty IT is analyzed, we can see a possible cup and handle formation.
Once Nifty IT index breaks 35500, handle breakout would be confirmed and we can expect 36800, 37450, 38700++ targets.
Midsmall cap IT sector stocks like Persistent, Birlasoft, LTTS and many more have similar charts as of Nifty IT. Do keep in watchlist as they can give good returns in upcoming months.
Please comment below if you want technofundamental analysis of any IT sector stock.
I had previously covered Nifty Pharma & Nifty Energy which have outperformed Nifty.
However, Nifty IT has largely underperformed in the last 2 years as compared to broader indices mostly because of recession in western countries.
The sector is in consolidation since last 3 years and all the investors of large cap IT companies have been waiting for a breakout to happen.
If the chart of Nifty IT is analyzed, we can see a possible cup and handle formation.
Once Nifty IT index breaks 35500, handle breakout would be confirmed and we can expect 36800, 37450, 38700++ targets.
Midsmall cap IT sector stocks like Persistent, Birlasoft, LTTS and many more have similar charts as of Nifty IT. Do keep in watchlist as they can give good returns in upcoming months.
Please comment below if you want technofundamental analysis of any IT sector stock.
노트
Looking strong now노트
3.4% up today. Nifty IT is looking strong to complete cup and handle pattern.노트
T1 done. Cup and handle breakout completed노트
T2=37450 done as well. IT sector is running towards T3.노트
T3 done and new ATH done. Sector as crossed 40000 and is looking very strong!
관련 발행물
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해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.