IT seems coming out of consolidatationMulti year chart. taken multiple times support. Is it time to come out from consolidation and entering new uptrend? Coming 1-2 months will be decisive. Keep a closer watch on IT index and IT stocksby vinithshah94
IT SECTOR OVERVIEW: Super Bullish!Observation & Overview: 1. The IT Index was beaten down in late 2022. 2. After 2023 it formed a bottom and prices started gaining strength. 3. 2024 price started forming Higher Highs & Higher Lows, touched the previous 2022 ATH and currently, taking support from the 50% of the swing and also bouncing from a D tf demand. 4. It is acting as a major support zone and good weekly candle rejection can be noticed. 5. Signs of buyers getting dominant and it should break the ATH soon. 6. I'm expecting a minimum 15% ROI from this sector turnaround. 7. Hopefully, with sector rotation this sector is going to gain momentum eventually. - Stay tuned for further insights, updates and trade safely! - If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading! Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing. Thanks & Regards, Anubrata RayLongby SuperNova3962
NIFTY IT INDEX LOOKS TO HAVE STARTED ITS UPTRENDNifty IT Index is turning up into a possible Bull trend. The index has made its first higher-high and simultaneously its momentum (RSI) too has crossed up into its bull zone, above 60, both for the first time since Feb 2024. its relative performance to CNX 500 is still -ve though. After the breakout price has been consolidating within the 7th June bull bar. A breakout above 35250 can see the IT index rallying up. Looks good time to focus on quality IT stocks. Only personal analysis. No recommendation. Please consult your financial advisor for any investment or trading related decision.Longby RajuDatla1
Sectoral Analysis-Nifty ITA sectoral analysis after quite long time. I had previously covered Nifty Pharma & Nifty Energy which have outperformed Nifty. However, Nifty IT has largely underperformed in the last 2 years as compared to broader indices mostly because of recession in western countries. The sector is in consolidation since last 3 years and all the investors of large cap IT companies have been waiting for a breakout to happen. If the chart of Nifty IT is analyzed, we can see a possible cup and handle formation. Once Nifty IT index breaks 35500, handle breakout would be confirmed and we can expect 36800, 37450, 38700++ targets. Midsmall cap IT sector stocks like Persistent, Birlasoft, LTTS and many more have similar charts as of Nifty IT. Do keep in watchlist as they can give good returns in upcoming months. Please comment below if you want technofundamental analysis of any IT sector stock.Longby tradewithamey_Updated 0
NIFTY IT INDEXPossibility of NIFTY IT for a strong break out levels above 34240 can see a 1000 points upmoveLongby GainPro0
IT index possible uptrendIT index has been consolidating since 3 yrs. This time it seems like come out from this consolidation. Keep a closer watchLongby vinithshah90
Nifty- IT or CNXIT Neutral Levels and Zone #Trading #TradingviewTopic - Nifty- IT or CNXIT Neutral Levels and Zone Tomorrow's movement Prediction of Nifty It NIFTY_IT appears to be in downtrend. But this trend seems to be weakening. Price is below an important level of 33337.8 on charts, and if price remains below this level, then stock might show a fall in short term. Tomorrow's movement Prediction of Nifty It NIFTY_IT appears to be moving in a flat line. No recent bulk deals happened to affect the stock trend. Tomorrow's movement Prediction of Nifty It NIFTY_IT is bearish. The stock has broken weekly support. An up move can be expected only after it starts trading above 33508.03 Stock price target for Nifty It NIFTY_IT are 32065.43 on downside and 32601.48 on upside. Stock price target for Nifty It NIFTY_IT are 32065.43 on downside and 32601.48 on upside. Tomorrow Target 1 31958.53 Tomorrow Target 2 32172.32 Tomorrow Target 3 32494.583333333 Tomorrow Target 4 32708.37 Tomorrow Target 5 33030.63 Daily price and charts and targets Nifty It Thanks For Watching 🙏by TrendTalk38
IT sector looking bullishNifty It looking bullish. W pattern breakout and retest and Nasdaq is also at all time high. Stocks like Tech m and TCS in focus. Above 21 Moving average which is bullish sign. Longby harsh637Updated 220
Nifty IT Index, Technical OutlookNow we have a strong breakdown of the compression zone. The structure indicates the start of a downtrend. The price could test the levels of 30,054 (Strong Support) which is 5-to-6% from the current level. On the up side the level of 35,188 will act as a strong resistance. Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.by ssvirdi2
IT Index at support...time to buy them Nifty IT CMP-33613 The correction in the index has halted at 38.2% of its swing. With RSI taking support above its bull zone of 40 is a further confirmation of the bull trend being intact. TCS on the other hand has already staged a breakout. Hence these corrections are an opportunity to buy.Longby singh17vivek1
NIFTY IT: The Next Big Sector to Watch and Invest in.NIFTY IT: The Next Big Sector to Watch. Regularly monitor and capitalise on entry opportunities. Hold the stock for one to three months to realise true profit.Longby profitabledost1
IT sector ready for fresh upside move,buy on dip IT stocks On Our Harmonic pattern indicator based trade setup take trade as explained below :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target , When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% .. Please note:- It's working on news based and volitile market very well so exit if SL hitby JaiPrakashShuklaHarmonicTrader111
NIFTY IT DAILY. At a very good support level here at 33000. Today's low can act as support for the index in near term. If it breaks and closes below in daily TF, we can short IT undoubtedly but with today's candle low as SL, we can trade long for now. With minimum risk, we have max upside potential from here if market stays green & obviously sector remains positive. Longby vivekkagarwal2
Bullish# Define inputs input lookback = 1; input minVolumeMultiplier = 1.5; # Calculate engulfing condition def engulfingBullish = close > open and open < close and close > open; def volumeMultiplier = volume / Average(volume, lookback); # Plotting the bubble if engulfing condition is met with high volume plot engulfingWithHighVolume = engulfingBullish and volumeMultiplier >= minVolumeMultiplier; # Mark the candle with a bubble AddChartBubble(engulfingWithHighVolume, high, "Bullish Engulfing", color.green, yes);by karansingla20073
Bullish# Define inputs input lookback = 1; input minVolumeMultiplier = 1.5; # Calculate engulfing condition def engulfingBullish = close > open and open < close and close > open; def volumeMultiplier = volume / Average(volume, lookback); # Plotting the bubble if engulfing condition is met with high volume plot engulfingWithHighVolume = engulfingBullish and volumeMultiplier >= minVolumeMultiplier; # Mark the candle with a bubble AddChartBubble(engulfingWithHighVolume, high, "Bullish Engulfing", color.green, yes);by karansingla20070
IT is ready for trend changeAfter Claimed 10EMA IT is ready for new run? IT Index is consolidate at support line and after break 33800 they will upwards.by KRKanodia1
Nifty IT BULLISHThis perspective is for mid and long term. Share the link as much as you can so everyone can benefit. :)Long03:16by syncinvestments0
IT Index was in 15 Months consolidation. What Next ?From the last 15 Months , IT Index (Sector)was in a consolidation, now it is at breakout level on weekly time frame. If break 31000 Level , can expect good move in coming Year. Be ready with your IT stocks watchlist. Please do your analysis before any InvestmentLongby Hussain_369Updated 7
Nifty IT analyasis on 02 May 24Nifty IT analyasis on 02 May 24 trying to formtion for cup and handle cup and handle failed if closes below 32100 target 34000 - 35000 - 37000 - 38000 - 45000 cup and handle long term target 50000 Longby StockVaultt222
CNXIT or Nifty-IT April Levels and Zone By 👑TrendTalk👑Is CNX and Nifty the same? Also known as the National Stock Exchange Fifty, the Nifty is the benchmark index of the National Stock Exchange (NSE). The index was introduced in 1996 and is also referred to as CNX Nifty and Nifty 50 by traders. How To Become a Professional Trader : Learn the trading basics. ... Learn the advanced basics. ... Develop trading systems and techniques. ... Gain trading experience. ... Consider paper trading. ... Choose a reliable broker. ... Learn to focus. ... Understand risk managementby TrendTalk40
Nifty IT Head and Shoulders Pattern Breakout Down SideNifty IT index (CNXIT): it has recently experienced a breakout to the downside from a head and shoulders pattern, indicating potential bearish momentum. This pattern typically signifies a reversal of the previous uptrend, suggesting a possible downturn in the IT sector. Traders may consider adjusting their strategies to account for the increased likelihood of further declines in Nifty IT stocks.Shortby BreakoutStocksUpdated 5
CNXITCNXIT breadth is 100% since 3rd May 2023 past 20 year this index is in parallel channel. after sideways movement can we may expect an upmove which will bring bear trap for current setupby SunilDhawanUpdated 7714
NIFTY IT Sector Analysis (1W TF) - 16th December 2023#NiftyIT Sector Analysis (1W TF) Pattern: TRENDLINE BREAKOUT - Breakout of Resistance - Done ✓ - Major Resistance Breakout - Done ✓ - Retracement & Consolidation - In Progress #stocks #swingtrade #chartanalysis #priceaction #traderyte #india #indiagdp #StockMarketindia by TradeRyteStockzUpdated 10