The Sector: Large Cap IT stocks
Here're the stock charts of leading large-cap IT stocks
Here's the TCS stock chart - No Trend
Can you see any visible trend in the stock?
Here's the Wipro Chart - Stock doing nothing
Here's the HCL Tech Chart - the Most disappointing stock chart
Here's Infosys Chart - the only stock where one can have some hope
Summing Up -
Here's the performance of these stocks over last 12 months and Year to Date-
The Big question: How long this trend will continue? Will there be any change in the way the market looks at these stocks? Will last quarter result help change the market view? Is Global uncertainty the reason for current performance?
We can pick and choose arguments but what matters: stock price performance. All you need to do - keep an eye for a change in trend. But till that, it's better to avoid and ignore.
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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