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
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
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 ssvirdi1
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_0
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
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
Nifty IT sectorNifty IT sector might be in pain; technically, as seen on weekly chart - it is crucial to see whether it takes support and reverses at 33400. If it falls below it, then IT sector would be under deep pressure. This is for Educational purpose only views based on price action, Elliott Wave & Fibonacci. Views expressed here are not for investors/traders. Do your own due diligence before investing/trading.Shortby Sujal_Shah265
CNXIT or Nifty IT Levels and Zone 👑🤑💸💸Welcome To Trend Talk😊 All Levels in a Chart Options Trading for Beginners Options are a form of derivative contract that gives buyers of the contracts (the option holders) the right (but not the obligation) to buy or sell a security at a chosen price at some point in the future. Option buyers are charged an amount called a premium by the sellers for such a right. Should market prices be unfavorable for option holders, they will let the option expire worthless and not exercise this right, ensuring that potential losses are not higher than the premium. On the other hand, if the market moves in the direction that makes this right more valuable, it makes use of it. Options are generally divided into "call" and "put" contracts. With a call option, the buyer of the contract purchases the right to buy the underlying asset in the future at a predetermined price, called exercise price or strike price. With a put option, the buyer acquires the right to sell the underlying asset in the future at the predetermined price. Let's take a look at some basic strategies that a beginner investor can use with calls or puts to limit their risk. The first two involve using options to place a direction bet with a limited downside if the bet goes wrong. The others involve hedging strategies laid on top of existing positions. 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 management. Understanding the basics of trading can help you gain entry-level knowledge in the field that you can refer to throughout your entire career. The basics of trading are factual, data-driven and processed-based pieces of information, but they may vary slightly depending on the source. This doesn't mean only one source is correct. Rather, multiple sources can help give you a range for understanding what's currently successful in the field. Trading basics may include: The amount of capital required to trade effectively The best markets in which to trade Best practices for monitoring trade performance Information about bidding and asking prices Order types and how to place them Risk management practices Trading hoursby TrendTalk31
Nifty IT index Harmonics reversalNifty IT PRZ chart-> Watch out for upside now from here. PRZ 34729 to 34500 with closing basis Support of 34236Longby deepak77912
Nifty IT.. Kya aur girega😟😲😨Hello everyone👏 Hope you liked my posts. 😊 *** Nifty IT index coming to bearish teritory. *** IT index in daily TF broke down below 50 MA *** momentum downside *** bigg red bearish candlestick 🔴 *** major support of 36750 broken *** trendline broken with gap *** which stocks I analyse.. Please let me know in the comments below. Will post detailed analysis of that stock. If you like my efforts, hit 👊 like button & spread the knowledge. 😉 Thank you🙏 Shortby ajnil87555
NIFTY IT LEVELS.Nifty IT remains weak below 38040. Trgs on chart. Expecting 36689. Probable trend change dates also given. Mark H/L of these dates. Angles are plotted based on some Gann technique. View is not a recommendation to trade. Shortby lalitseth6
NIFTY IT Index Ready for Breakout on upside - 40% upside in 1 YrNIFTY IT Index Ready for Breakout on upside - 40% upside in 1 Yr possibility. IT Index showing multiple Positive momentum with Flag Pattern breakout & initial targets coming as 40% upside from current levels after CUP pattern breakout. Happy Investing.Longby JITU_2106
NIFTY IT INDEX GANN ANALYSIS 09 FEB 2024NIFTY IT INDEX GANN ANALYSIS 09 FEB 2024.. If you know the Cause... You can Perceive the Effect... Failure OR Double Top OR Breakout .... Will be watching... IT ....CRITICALLY ..... Happy Trading !!!by kbr91219653