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mklives

CNX IT.. bearish..

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Nifty IT Index (NSE:CNXIT)  
mklives  
NSE:CNXIT   Nifty IT Index
Trend Analysis Chart Patterns
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trendanalysis chartpattern
CNX IT has closed below 200 dma and for the 4th time testing 200 dma

failed to cross 100 dma

also a clear bearish divergence has been unfolding.

rupee below 70. weak forecast from US tech companies

all favoring against the IT index.

NOTE: this is my personal view only..
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