AbhishekHSinghCMT
Long

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

NSE:CNXIT   NIFTY IT
171 0 9
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.
Trade closed manually: 15th April2017

Channel Support Broken- falls sharply down.
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
EN English (IN)
EN English
EN English (UK)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out