WaveTalks

CNXIT- Channel,Choppiness & Confusion-Raised The Alarm@10900

Long
WaveTalks Updated   
NSE:CNXIT   Nifty IT Index
12
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.
Trade active:
22:35 Hrs 25th April2017

Last price@10091

Made a low on channel bottom@9901 & took U-Turn


Best Regards,
Abhishek H. Singh
​Growth Director - TradingView India

YouTube Channel www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw

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