vanathi
Short

It is not an IT age - no doubt!

NSE:CNXIT   NIFTY IT
96 2 7
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.
I agree Vanathi Madam, with RSI divergence and looking at closest candlestick resistance with a piercing pattern , it can drag to a minimum of the recent weekly low 9320(SL 10620). Thanks for the post.
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vanathi arvin43
@arvin43, Thank you for sharing your view.
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