1. DIYTechnicalAnalysis is a private community of traders and investors interested in building wealth from Indian equity market. You can become a member with a one time registration fee of ₹199. Click here to become a member

IT companies

Discussion in 'Technical Analysis' started by sumtya15, Mar 4, 2013.

  1. sumtya15

    sumtya15 New Member

    Joined:
    May 3, 2012
    Messages:
    2
    Likes Received:
    0
    hi sahbbir,

    I think, technically this a good time to buy IT companies (TCS, INFY, WIPRO) from a 5-9 month perspective.

    Wanted your view on the same...
     
    sumtya15, Mar 4, 2013
    Share #1
  2. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,702
    Likes Received:
    1,940
    Yes they are forming great breakout patterns. The best among the lot is TCS technically
     
    shabbir, Mar 4, 2013
    Share #2
  3. sumtya15

    sumtya15 New Member

    Joined:
    May 3, 2012
    Messages:
    2
    Likes Received:
    0
    HCL tech

    hi shabbir. thnx for your reply yest on IT cos.
    i also think HCL tech is a good buy for a short term with a target of
    about 780. what do u think about it, is it a good entry point around 715.
     
    sumtya15, Mar 5, 2013
    Share #3
  4. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,702
    Likes Received:
    1,940
    Yes but make a stop loss of 690 for short term trade and 660ish for long term trade.
     
    shabbir, Mar 5, 2013
    Share #4
  5. viraf53

    viraf53 New Member

    Joined:
    Sep 15, 2012
    Messages:
    20
    Likes Received:
    0
    I would add Tech Mahindra to above list. Am I right Shabbir.
     
    viraf53, Mar 11, 2013
    Share #5
  6. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,702
    Likes Received:
    1,940
    Just list is not bad still you should add entry and exit points as well.
     
    shabbir, Mar 11, 2013
    Share #6