IT stocks analysed

HCL TECH: stock is rangebound for past 2-3 months... holding above 870 will be bullish. Next support 840.

HEXAWARE: trend is down; expect support around 220-240 levels. Buy above level is 300.

KPIT: trend is clearly down. Stock will be bullish above 120.

MINDTREE: stock is trading in a big range.  Expect support near 1150. Resistance 1400-1500-1600.

MPHASIS: stock is trading in a range and will be bullish on close above 420. Support 360.

INFY: buy above 1030 SL below 930

TECHM: trend is down. Buy on close above 570 with SL below previous month's low.

Disclaimer: I am a long term investor in this stock.

TCS : rangebound for a year. Currently trading in a triangle. Wait for breakout and then trade in the direction of the breakout.

WIPRO: trend is down. Buy above level is close above 570.

Kamalesh P Langote
Research Analyst

Disclosures as per SECURITIES AND EXCHANGE BOARD OF INDIA (RESEARCH ANALYSTS) REGULATIONS, 2014:

• Unless specified, I have no investments in the stocks recommended.
• I /my family have no financial interest or beneficial interest of more than 1% in the company whose stocks I am recommending
• I /my family have not received any compensation from the company where I am recommending a trade or investment.
• I have not served as an officer, director or employee of company and have not been engaged in market-making activity of the company covered in the research report.
• I have no material conflict in recommendations posted here.