Future of IT sector in stock market has huge potential to grow. We all know technology evolves day by day. From website development to high security system, are are made by IT service provider. IT sector analysis is our second best sector in 2023 that has huge potential to grow. If you want to make profit in stock market, you have a choice to buy IT sector stocks.
If you are interested to know other sector as well, we have already discussed future of banking sector in stock market. There we have discussed 4 best banking stocks that you can buy in 2023.
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.
This article will tell you the future of IT sector in stock market. It will also tell you why you should buy share in IT sector.
Future of IT sector in stock market
IT sector is best for value investing in 2023. It can make your ROI double. IT sector has huge potential to reach the sky in the upcoming years.
Let’s discuss why you need to choose IT sector in 2023. First see the monthly chart
In monthly chart, it takes support at last 3 candles.
The RSI is 53 i.e. it is in side ways or choppish trend. When hammer takes support , It is the signal of bullish trend. The buying opportunity is very high.
Points to be remember:
Buy above high
Stop loss below low
Target previous candle high
You can check it in the monthly chart.
So future of IT sector is good on the basis of weekly chart.
Let’s discuss the Weekly Chart of IT sector in stock market:
In weekly chart RSI is 49.14, i.e. again in choppish trend but as we see that it takes support on twenty moving average even it is strong support, it has huge potential to get bullish trend. i.e. high buying opportunity. So future of IT sector is good on the basis of weekly chart.
Points to be remember
Buy above the high
Stop loss below the low
Target previous candle high
Before seeing daily chart, again I am telling future of IT sector is good value investor not for trading. So focus on the monthly chart rather than daily chart
You can again see in daily chart it takes support at hammer and twenty moving average has strong support so it will again up the volume and will move uptrend. So it has high buying opportunity.
Now it’s your time to implement in market so that you earn double than you invest. Remember, knowledge is nothing without implementation. Whatever we learn, we should implement. I can only give you right direction but you will take that direction or not, it’s your choice. Don’t forget to study our sector analysis articles to know more sectors in stock market. And don’t forget to share this article to everyone so that each one can invest money in stocks and gain more profit in 2023. All you should do is implementation. Stock market is practical field. How much you will implement your knowledge practically in this field, you will be highest gainer gradually.
Trade Brainers describe best IT stocks in 2023 where you can see the best IT stocks and can decide to buy. Follow Stock Trade 360 for more articles, investing tips and tricks, sector analysis and many more about stock market.
CONCLUSION :- It sector is looking good for long-term investment in 2023.
QNA –
Q (1) What is the future of IT industry ?
Ans- It is a good sector for investing.
Q (2) Which IT sector is best for future ?
Ans- Wipro, TCS and Infosys.
Q (3) WILL IT industry survive in future ?
Ans- Yes, IT will be the foundation of Indian economy in future.
Q (4) WILL IT sector fall ?
Ans- None, Retracement can be happen but not fall gonna happen.
Q (5) IS IT sector good for long term ?
Ans- Yes, now IT is good for long-term investment.
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The very next time I read a blog, Hopefully it does not fail me as much as this particular one. After all, I know it was my choice to read through, but I actually believed you would probably have something useful to say. All I hear is a bunch of whining about something that you could fix if you were not too busy searching for attention.