The price action and charts suggest so. Here's few names that illustrates the point
NIIT Tech = Strong Momentum wave
As you can see in the chart above: just look at the volumes. There is real momentum action.
KPIT = Making a strong comeback
KPIT stock has made a strong comeback - thanks to excellent earnings; and it seems like the price action has just started
Geometric = Turnaround watch?
Geometric after a long time seems ready to break 145 as resistance. If that happens, it can be strong turnaround for the stock
Hexaware = Building a Bullish Base
Hexaware stock has been in strong bull market for some time now and in 2015 - the stock seems to be building base at 230. Can it hold and rally considering strong sectoral support
There are many names in the sector apart from the above with bullish charts and this is one sector to keep an eye on
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Disclaimer – The state of the market notes is Deepak’s perspective on the market. The column is purely for educational purpose. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. By reading this publication you agree to make no trade relying in whole or in part on the comments of the writers