Relative strength of CNXIT is weak when comparing with Nifty. People are not investing in IT stocks, as international political news are creating fear among investors. Good news is still CNXIT is above the long term trend line. If it breaks it, then the fall is fatal. We are not bears or bulls. We are traders. And we can make money in whatever direction market moves.
Note
Tested the support line in 22 days.
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Role I play here : Moderator. Follow me in telegram to trade better. t.me/Analysis4Newbie Contact information : tradingplan4u@gmail.com
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.