Nifty IT Forming Double Bottom !

After undergoing an extensive period of consolidation, the Nifty IT has recently shown signs of a double bottom pattern on its one-month chart, indicating a potential breakout above its neckline. It is worth noting that Nifty IT is currently trading at a discount of approximately 22% compared to Nifty 50, which is reaching its all-time high.

To maximize potential gains, it is advisable to focus on heavyweight IT stocks, as they present an opportunity for quick profits ranging from 10% to 15%.