The Indian IT sector is in a terrible state. The formation of a head and shoulder pattern on a weekly chart is a disastrous indication of worse times ahead. While NSE:TCS fired 15k employees in the recent past, the future seems dimmer. A similar pattern can be observed in almost all IT stocks. Caution is the way forward. All the long positions in IT must be doubly checked and closely monitored.
Disclaimer: The idea is for educational and informational purposes only and must not be construed as advice to buy/sell. Please consult your investment advisor before making a financial decision. Investments are subject to market risks!
Disclaimer: The idea is for educational and informational purposes only and must not be construed as advice to buy/sell. Please consult your investment advisor before making a financial decision. Investments are subject to market risks!
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.