The Nifty IT index now needs to scale above its 200-DMA placed at 14,888 to embark on a new trend
Reliance Industries Ltd witnessed a rise of Rs 31,506.3 crore to Rs 9,30,006.19 crore in its valuation
The company's scrip zoomed 9.74 per cent to Rs 1,035 on the BSE
Mindtree will see an upside bias once it breaks out above Rs 920 levels
Under the contract, TCS will provide managed services including application maintenance and support, required infrastructure and security operations.
Here's how these three heavyweights look on the technical charts post their respective Q2FY20 results.
The stock has absorbed all the selling pressure in the range of Rs 760 - Rs 770 and is ready for a fresh upside. Although it witnessed mild selling above Rs 800, the overall trends still looks bullish
Post the results, most brokerages have revised their price targets for both these stocks.
The number of 'buy' ratings for the stock has reduced from 27 to 23, while 'sell' calls have increased from 7 to 9
The stock was the biggest gainer among the blue chips on both the key indices