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TAGaganDeep

Nifty IT near 50% Fibonacci Retracement

Nifty IT Index (NSE:CNXIT)  
TAGaganDeep  
NSE:CNXIT   Nifty IT Index
Trend Analysis Chart Patterns Technical Indicators niftyit rsidivergence Fibonacci Retracement infosys TCS nasdaq NIFTY trendreversal priceaction
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trendanalysis chartpattern indicator niftyit rsidivergence fibonacciretracement infosys tcs nasdaq nifty trendreversal priceaction
The weekly chart of Nifty IT shows that it has come near the 50% retracement level.

At the same time it shows a positive RSI divergence. This gives rise to chances of a short term upside.
Though confirmation is required as per price action.
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