CNXIT - breakout candidate
For the past 3 months, the IT index has been weakening & lagging in comparison to the broader markets. So what has it been doing all this time?
For the past 3 months, the IT index has been weakening & lagging in comparison to the broader markets. So what has it been doing all this time?
#CNXIT has been busy forming a base in its weekly charts. From here on, it may give a breakout, or may again retract a bit from the upside resistance & then breakout, forming a cup & a handle.
MASTEK - breakout candidate
⦿ Good quality
⦿ Fair valuation
⦿ Showed YoY 115% EPS growth & 82% sales growth in last quarter
⦿ Good quality
⦿ Fair valuation
⦿ Showed YoY 115% EPS growth & 82% sales growth in last quarter
HCLTECH - breakout candidate
⦿ Excellent quality
⦿ Attractive valuation
⦿ Showed YoY 35% EPS growth & 6% sales growth in last quarter
⦿ High Institutional Holdings
⦿ Excellent quality
⦿ Attractive valuation
⦿ Showed YoY 35% EPS growth & 6% sales growth in last quarter
⦿ High Institutional Holdings
TATAELXSI - broken out of a base in its weekly chart on very good volume
⦿ Good quality
⦿ Expensive valuation
⦿ Showed YoY 39% EPS growth & 13% sales growth in last quarter
⦿ Fund holdings increased 11% in last quarter
⦿ Good quality
⦿ Expensive valuation
⦿ Showed YoY 39% EPS growth & 13% sales growth in last quarter
⦿ Fund holdings increased 11% in last quarter
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