'But Infotech Enterprise on next small dip'
ET Now spoke with Deepak Mohoni, director, trendwatchindia.com, to find out his views on Infotech Enterprise.
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| ET Now spoke with Deepak Mohoni, director, trendwatchindia.com, to find out his views on Infotech Enterprise.
Infotech Enterprises has been holding up on its own; up almost 7 per cent. How is it looking on the charts?
IT as a whole is making nice steady moves at the moment, so it’s not a bad idea to stay with them. Infotech Enterprise is looking quite strong because today’s move takes it straight to a one-month high and it’s almost back to the bull market high.
Given that, it’s pretty much in a strong uptrend definitely. As a whole may be buy on the next dip because this is really the breakout day from the last one or two weeks move so and it has already gone up so much. The next small dip it could be purchased.
Infotech Enterprises has been holding up on its own; up almost 7 per cent. How is it looking on the charts?
IT as a whole is making nice steady moves at the moment, so it’s not a bad idea to stay with them. Infotech Enterprise is looking quite strong because today’s move takes it straight to a one-month high and it’s almost back to the bull market high.
Given that, it’s pretty much in a strong uptrend definitely. As a whole may be buy on the next dip because this is really the breakout day from the last one or two weeks move so and it has already gone up so much. The next small dip it could be purchased.
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