Infosys, TCS, Wipro: Trading strategies for IT stocks post their Q2 results

Here's how these three heavyweights look on the technical charts post their respective Q2FY20 results.

The second quarter results for financial year 2019 – 20 (Q2FY20) of information technology (IT) majors have been a mixed bag.

For Q2, Wipro posted a 35.1 per cent rise in its net profit at Rs 2,552 crore. During the quarter, consolidated revenues of the Bengaluru-headquartered firm rose 4 per cent on year-on-year (YoY) basis at Rs 15,125 crore.

Tata Consultancy Services (TCS), on the other hand, posted 1.8 per cent year-on-year (YoY) rise in its net profit at Rs 8,042 crore for Q2FY20. On a sequential basis, the numbers slipped 1.09 per cent. 

For the period under review, Infosys'