CNX IT - Game of 9295 or 9592 - How Support was created- Magic

Apr 9, 2017

It all started with the equation W=Y=Z & CNXIT started its upmove from 9295 as discussed in below update.

Made a high at 10590 & Sell Setup was generated below the rising trendline as discussed below

Got the magical support 9592 - ( from lowest point 9295-Initial 2 figures 92 was pushed next & 95 was brought in front)- Isn't that amazing- CNX IT starts the Up-Up & Away Journey.

Finally, it was doing choppy & suspicious move in the zone 10790-10800's -it made a high of 10925 & dropped after 6 weeks it has landed on the top channel

Trading Strategy
Holding Top channel as support - we shall look for a bounce or 9592 - which will be critical support.

Apr 14, 2017

Trade closed manually

15th April2017

Channel Support Broken- falls sharply down.