!!NIFTY IT INDEX SHOWING NEGATIVE DIVERGENCE!!

Nifty IT IndexNSE

Description

⋅ Sep 22, 2021 4:54 AM

Just an update no signs of reversal yet
stay alert my view is a top is near in IT sector
expect sector rotation
expect funds to transfer into banking sector and auto sector

holding longs then wait for a reversal

Comment

⋅ Sep 25, 2021 9:11 AM

grave stone doji on daily chart alert for long position holders

Comment

⋅ Sep 28, 2021 5:36 AM

expect another 3000-5000 point correction now

Comments

mohanchaparala

⋅ Sep 24, 2021 11:14 AM

Is today's candle a confirmation for the reversal?

manavtechresearch

⋅ Sep 25, 2021 9:10 AM

@mohanchaparala, yes further expect money now to move into financial stocks

sureshg85

⋅ Sep 24, 2021 3:08 AM

looks like hidden bullish continuation pattern sir

sureshg85

⋅ Sep 24, 2021 3:08 AM

@sureshg85,

manavtechresearch

⋅ Sep 24, 2021 3:19 AM

@sureshg85, no such pattern but yet to give signs of reversal one needs to wait to short or cover longs

mxpratik

⋅ Sep 22, 2021 5:35 AM

Does that means Nifty IT will go down side?

manavtechresearch

⋅ Sep 22, 2021 5:41 AM

@mxpratik, in the coming future signs of downfall yes but understand you will get an change to exit or short as there is no signs of reversal yet negative divergence is seen but trade has not reversed yet

mxpratik

⋅ Sep 22, 2021 6:09 AM

@manavtechresearch, Thanks for revert. 😊

sg2019

⋅ Sep 22, 2021 4:59 AM

looks to be an erroneous observation. Its a positive reverse divergence. if you can recheck pls

manavtechresearch

⋅ Sep 22, 2021 5:00 AM

@sg2019, no it is negative divergence