Get started
ssvirdi

Nifty IT Index, Technical Outlook

Nifty IT Index (NSE:CNXIT)  
ssvirdi  
NSE:CNXIT   Nifty IT Index
Trend Analysis Chart Patterns Technical Indicators itsector itindex niftyit indextrading indexsignals indicatorstrategy Moving Averages
2
0
trendanalysis chartpattern indicator itsector itindex niftyit indextrading indexsignals indicatorstrategy movingaverage
Now 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.

Related Ideas

ssvirdi
NYKAA, Morning Star Pattern is formed on Support
ssvirdi
BankNifty, Technical Outlook
ssvirdi
Nifty, Divergence Formed on the Weekly Chart
ssvirdi
PNB, Swing Trade Setup
ssvirdi
Nifty on Radar - 30 May
ssvirdi
PNB, Intraday View for 31-May
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.