TCS, Infosys, Wipro: Should you buy IT stocks post Q4FY25 results?

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TCS, Infosys, Wipro: Should you buy IT stocks post Q4FY25 results? - Business Standard

Quick Summary:

Technical charts suggest that IT major shares - Infosys, TCS and Wipro can potentially bounce back up to 18% from present levels; here are the key levels to watch out for.

Having said that, the key momentum oscillators both on the daily and weekly chart remain in favour of the bears, hence the up move may be limited. At present, the Nifty IT index is seen attempting to reclaim its 200-Weekly Moving Average (200-WMA) - a key moving average the index has been trading for the last two weeks.

Break and sustained trade above the same can trigger a bounce back towards the 200-DMA at ₹275 levels, with interim resistance likely around ₹248, ₹254, ₹260 and ₹268 levels.