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.
Comment:
Tested the support line in 22 days.
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Detailed daily index analysis in https://in.tradingview.com/u/vanathi/
Script analysis from Jan 1, 2023 in https://in.tradingview.com/u/vanathi/
Detailed daily index analysis in https://in.tradingview.com/u/vanathi/
Script analysis from Jan 1, 2023 in https://in.tradingview.com/u/vanathi/
