Get started
pradumnasaraf

Is Indian I.T sector rally over? " Shooting Star Pattern"

Nifty IT Index (NSE:CNXIT)  
pradumnasaraf  
NSE:CNXIT   Nifty IT Index
Candlestick Analysis Trend Lines Trend Analysis IT CNXIT TCS wipro techmahindra pradumnasaraf
50
26
candlestick trendline trendanalysis it cnxit tcs wipro techmahindra pradumnasaraf
According to technical indicators and candlestick analysis looks like the Indian I.T sector share gets overstretched and correction is possible. Also, RSI is in the overbought zone (80), and also in day frame analysis, it has formed a "Shooting Star" pattern (Trend reversal pattern).

Here, by Nifty I.T analysis I am referring to I.T stocks
Eg: TECHM , TCS

This analysis is done only for educational & intelligence purposes, invest or trade at your own risk & will.

Related Ideas

pradumnasaraf
Reliance broke major Trendline( Bull Trap?? )
pradumnasaraf
Journey of SBI Cards, "(Breakout + Consolidation) Format"
pradumnasaraf
Happiest Mind - "Breakout or breakdown"
pradumnasaraf
Adani Enterprises "Breakout from It's parallel channel"
pradumnasaraf
ADANI ENTERPRISES "Parallel Channel" Formation
pradumnasaraf
RELIANCE - " Trap Or Correction "
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.