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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