Nifty IT IndexLong
CNXIT- Channel,Choppiness & Confusion-Raised The Alarm@10900
Updated
Critical Level- 9592
When it crossed 10590's & channel top & started behaving very weird with all choppy moves right at previous support zone 10900-10925- I raised an alarm saying all is not good with such moves & we should be careful- Polarity Reversal - all in my update 22:30 Hrs -4th March2017 - Has the Up -Up & Away started
Channel from Magical numbers 9295 - 9592
Confusion as Infosys was also doing the same in the middle of the March 2017 - how I predicted that Infosys going for a big fall from 1040-1045 (Read All Infosys Connecting pieces in my profile page) - which was evident with low registered on 13th April2017 below 930.
What Next?
The channel bottom should support along with critical level if CNX IT has to be bullish else it can be a bigger problem for the IT index.
When it crossed 10590's & channel top & started behaving very weird with all choppy moves right at previous support zone 10900-10925- I raised an alarm saying all is not good with such moves & we should be careful- Polarity Reversal - all in my update 22:30 Hrs -4th March2017 - Has the Up -Up & Away started
Channel from Magical numbers 9295 - 9592
Confusion as Infosys was also doing the same in the middle of the March 2017 - how I predicted that Infosys going for a big fall from 1040-1045 (Read All Infosys Connecting pieces in my profile page) - which was evident with low registered on 13th April2017 below 930.
What Next?
The channel bottom should support along with critical level if CNX IT has to be bullish else it can be a bigger problem for the IT index.
Trade active
22:35 Hrs 25th April2017Last price@10091
Made a low on channel bottom@9901 & took U-Turn
Best Regards,
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
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