Thread on #NiftyIT and Tech stocks.
Trend is down now.
Will add more charts here.
More from Shivaji Vitthalrao🇮🇳
105 is key, Bulls might defend for the time being. Once they fail during any downtrend Boy Bulls will be in serious trouble.
First targets 90-95 and worst case 65-70 (This i wil review later) https://t.co/RYaMwRQb7e
Angle 2 -- On Log scale its end of this upmove from March 2020.
— Shivaji Vitthalrao\U0001f1ee\U0001f1f3 (@shivaji_1983) August 24, 2021
No major support until 90-92.
Conclusion - any rise to 123-128 is a sell opportunity
Bullish only above 145. Personally not bulish.
Potential taregts on downside are 105-90#SAIL pic.twitter.com/yZv2WXwIMU
#Hindcopper https://t.co/KMpDhWTc53
#hindcopper
— Shivaji Vitthalrao\U0001f1ee\U0001f1f3 (@shivaji_1983) August 29, 2021
1. Given sell at 170-175 zone when it made a distribution pattern for targets 120 and 95
2. Stock is heading towards 90-95 and wont be suprised to see 75-80 levels in panic
3. Stock is clearly in down trend and till we see a turn around I would like to wait and watch pic.twitter.com/IfGNEwcPD9
Longs Alert take care. Stock looks weak to me below 135.
#hindcopper https://t.co/hnXBWmcPEX
Hindcopper unable to cross 158 and required bullish momentum missing.
— Shivaji Vitthalrao\U0001f1ee\U0001f1f3 (@shivaji_1983) August 9, 2021
Closing below 135 is weak signal.
Would like to wait n watch before commenting further on this stock.
Dosc: Holding "NO Longs" in this stock. https://t.co/qGAnigXBB7
More from Infylongterm
Infosys PEG ratio (1-year fwd PE/EPS growth) down to 1.4x from a peak of 2.7x as PE cut by 27% & EPS growth cut by 5% - trades at 23.3x PE for 11% FY23 growth. If this is a mid-cycle correction, its done BUT if this is the great valuation reset - more fall coming
— ThirdSide (@_ThirdSide_) May 25, 2022
Place your bets pic.twitter.com/9ZlaLDcxPZ