IT stocks are best for value investors in 2023. If you are a value investor, you should choose IT sector in 2023 to double your ROI. I have already discussed, future of IT sector in 2023, where you can see why should you choose IT stocks in 2023? Today, in this article, I will discuss top 3 IT stocks that you can buy in 2023. I will share the points that why you should buy that stocks.
Are you facing loss in stock market in recent times? or facing issues with your stocks? Most of the beginner investors of stock market or even experienced investors face loss in stock market. In Most of the cases is due to lack of knowledge about sector analysis in stock market and after losing stocks you might feeling little less motivated or want to quit the stock market. So, before making any decision let me tell you about my story. You might change your mind.
The person who gains from their slip-ups will win the market certainly however the person who doesn’t comprehend the mix-ups won’t gain from his encounters. I started to invest in stock market and gradually I started to trade. The investment ended by making huge losses. I lost around 5 lakhs rupees. When I started to learn about the mistake, I realized that I have not searched anything about the company and made the decision based on my friend saying. I contributed beyond what I could bear to lose. The worst part that I had no strategy to analyze sector before investing on the stocks.
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Best IT Stocks – Wipro
If you have believe in long term investment, then IT sector is the best option for you. I know you are interested to gain more profit this year. And here comes Wipro as my first suggestion. Now the question is why Wipro? Now we will analyze the reasons. First focus on the graph,-
From the graph we can see the following points,-
- As per Fibonacci Retracement Strategy it takes support at 61.8%, crossed 50%, 38% resistance. It’s a complete bullish signal. Buying opportunity is high.
- The RSI is moving upward, it’s strong bullish signal.
These are the reasons you can buy Wipro in 2023.
Best IT Stocks – Tech Mahindra
The next stock I wanna discuss is Tech Mahindra. This is the stock that can help you to make more profit in this year. The reasons that make me excited to choose Tech Mahindra is following,- let’s understand the point though the graph
- As per Fibonacci Retracement Strategy, It also takes support at 61.8%. It’s a strong bullish signal. Now the price is 985.80. If it breaks, it will directly fall down to 471.4 that is Fibonacci retracement will be 100%
- Bollinger Band Sqeeze Break Out is happened. If you don’t know about bollinger band, you can check our previous article.
- In daily chart RSI crossed above 60.
These are the reasons, you should buy Tech Mahindra as one of the IT stocks.
Best IT Stocks – TCS
The last but not least, we have another IT stock is TCS. All we know TATA Consultancy Services. First we will see the graph,-
- As per Fibonacci Retracement Strategy, it takes support at 38.2% that is 3073.88 values but it didn’t falls again, it is going to moving upward. It’s a strong bullish signal.
- The RSI is moving upward tends to 60
- Bollinger Sqeeze Break Out is visible
That are the reasons you can buy TCS in 2023.
So these are the 3 stocks I personally suggest for you to buy in 2023 for value investing. some of the stocks even double your return within 6 months or 1 year.
Now it’s time to double your ROI in 2023 by investing on these 3 IT stocks. If you are short term trader you can choose Banking sector as we have already discussed which stocks you should buy in 2023.
Remember one thing knowledge will not be a power, if you will not implement it. For that reason you should implement your knowledge by investing practically. Implement the right knowledge that you learn on IT stocks. Choose your IT stocks and invest properly. Make your ROI double and enjoy the investing properly. Samco already discussed about IT stocks, you can check it to learn more.
Frequently Asked Question:
Q) What are the best it stocks to buy?
TCS , Wipro and Tech Mahindra are the best IT stocks in 2023.
Q) Which are the best tech stocks to buy in India?
L & T Infotech, TCS, Wipro, Tech Mahindra, Mindtree, HCL Technologies – These are the best tech or IT stocks in India right now.
Q) What are the top 10 Tech shares to buy?
Top 10 tech shares in India right now,- TCS, Wipro, L & T Infotech, HCL technologies, Tech Mahindra, MphasiS, MindTree, Oracle Fin, L&T Technology Service Ltd. and last but not least Infosys.
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