A REVIEW ON THE STORY OF MIDCAP IT BULL MARKET

IF YOU WOULD HAVE INVESTED 25000 RS EACH IN THOSE  4 STOCKS 

SASKEN  @145 NO OF SHARES 172   CMP 315+25 RS DIVIDEND MARKET VALUE = 58480 RS
TATA ELXSI @ 245 NO OF SHARES 102 CMP640 MARKET VALUE =  65280 RS
KPIT CUMMINS 2 140 NO OF SAHRES 178 CMP 182MARKET VALUE = 32396 RS
NIIT TECH @ 310 NO OF SAHRES 81 CMP 458 MARKET VALUE = 37098 RS

 TOTAL INVESTMENT 1,00,00O RS
CURRENT MARKET VALUE OF INVESTMENT 1,93,254 RS.....  93.25% RETURNS IN JUST 7 MONTHS  TIME

HEXAWARE ALSO NOW BREAK OUT TO NEW HIGH YSTD HIT 164 NOW STOCK IS AL READY TO FOLLOW THE PATH OF OTHERS

 WHAT YOU WANT MORE FROM TRENDZOFMARKET

I covered http://trendzofmarket.blogspot.in/2013/11/story-of-mid-cap-it-bull-market.htmll LAST WEEK and today reviewing the same.hows its poised to do 


Hexaware: Sharp Sell off from Resistance of 135

Hexaware was on Breakout watch list but stock did not breakout above 135. Instead, there was a sharp sell off. It means stock is Avoid as long as it trades below 135

NIIT Tech: Breaout Confirmed?

NIIT Tech seems to have broken out above 305 on weekly chart. It will get confirmed only by Friday. What one can do: Buy at CMP of 311 on assumption that breakout is for real. If on Friday, stock closes below 305: then Exit.

KPIT: Investment Buy

Are we looking at multi year Bull market in KPIT? Possible if stock holds up and does not slip below 128 on closing basis.

Sasken: Trading Buy

Sasken has broken out above 140 and if stock holds up above 140: we are looking at dramatic surge.

Tata Elxsi: Trading Buy

Tata Elxsi seems to be moving in small momentum steps. Technically stock is behaving well and looks good for more

WHAT DOES THIS ALL MEAN?



The Bull market in the sector appears structural and can surprise investors on the upside. The midcap IT sector appears very bullish on charts and hence one should keep a close eye on all these stocks for attractive investment and trading opportunities

STORY OF MID CAP IT BULL MARKET

Last 1.5 years has been great for Frontline IT stocks be it TCS, HCL, Infosys, Tech Mahindra and now the money seems to be moving in all Technology stocks especially midcap and small cap companies. A wealth creation opportunity seems to be developing in the space with USDINR new base set at Rs. 62. 

Let us look at various IT midcap stocks technical status.

MindTree: The Bull market here was in sync with frontline stocks

The stock is buy on deep deep declines now. The Bull market is not over and should be on radar for investment purpose.

Persistent Technologies: Runaway move

The stock is buy on deep deep declines now. The Bull market is not over and should be on radar for investment purpose on deep declines like 50 week ma.

Hexaware: WAITING FOR BREAKOUT

Hexaware is also one of the strong stock. The stock needs to breakout above 135 on weekly basis to restart fresh momentum move in the stock. Keep an eye on the breakout.

NIIT Technologies: WAITING FOR BREAKOUT

NIIT Tech has been in Bull market for long time now but needs to breakout above 305 to restart fresh momentum move. The breakout appears likely.

KPIT: Already Broken out

KPIT has broken out above 140 and seems to be consolidating. It’s only a matter of time before stock takes off in a big big way.

Infotec Enterprises: Already Broken out

Infotech Enterprises broke out above 200 and then just took off in a major bullish way. The stock saw pretty vertical upmove post breakout.

Eclerx: Already Broken Out

Eclerx broke out above 890 and the stock is buy on pullback. The stock has much higher levels to climb

Sasken: Breakout on weekly chart

Sasken broke out above 140 and the stock is buy on pullback. The stock looks good for more and seems to be turning around after long time

Tata Elxsi: Momentum Push

Tata Elxsi also seems to be turning around and moving in momentum steps. The stock appears buy on pullback near 20 dma

WHAT DOES THIS ALL MEAN?
Make a List of all the above IT stocks with breakout levels and probable buy areas and then look to add in the portfolio when stock declines. The Bull market in the sector appears structural and can surprise investors on the upside. The midcap IT sector appears very bullish on charts