MENU

Published on 19/06/2019 2:06:51 PM | Source: HDFC Securities Ltd

BSE ITIndex – CMP 15988 `Positive Momentum `​​​​​​​ - HDFC Securities

Posted in Broking Firm Views - Sector Report| #HDFC Securities #Sector Report

Now Get InvestmentGuruIndia.com news on WhatsAppClick Here To Know More

BSE ITIndex – CMP 15988 “Positive Momentum ”  - HDFC Securities

BSE ITIndex – CMP 15988 “Positive Momentum ”​​​​​​​

* The daily chart of “BSE IT index” shows that it has resumed the next rising leg post minor downward retracement.

* Price has been maintaining higher tops and higher bottoms which is a bullish continuation structure .

Price has found support and has turned up from the near term key moving average of 13 Day EMA.

* KST oscillator is continuing with positive momentum and placed with a buy signal.

* In the current rising leg from 15015 levels, all dips are just minor retracements before next rises and this leg could head towards new life highs i.e. above 16300 levels .

* Trade rs can maintain mildly positive stance in IT stocks ; upside target is placed at 16290 with a stoploss of 15623 on closing basis . Stocks to watch: INFY, TCS, HEXAWARE & FSL.

 

To Read Complete Report & Disclaimer Click Here

 

HDFC Securities Limited (HSL) is a SEBI Registered Research Analyst having registration no. INH000002475

 

Above views are of the author and not of the website kindly read disclaimer