Tuesday, 30 August 2016

IT Sector should rebound now... !!!


Last few weeks were not so good for IT companies as most the them have corrected significantly in that time. After the sharp sell-off, most of the Heavyweight counters along with its index (Nifty IT) is now showing some sign of reversal on charts.

Below are few of the charts, which indicate possibility of a new rally in IT conglomerates in upcoming sessions.

Nifty IT index (Weekly Chart)


Nifty IT index (Weekly Chart)



Nifty IT index (Daily Chart)


Infosys (Weekly Chart)


TCS (Daily Chart)


Wipro (Weekly Chart)


HCL Tech (Daily Chart)


Hexaware Tech (Daily Chart)


Note – All above charts are for Educational Purpose only and Not a Trade Recommendations. Contact your Investment Advisor before taking any trading decision.


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