Nifty IT Head and Shoulders Pattern Breakout Down Side

BreakoutStocks Updated   
NSE:CNXIT   Nifty IT Index
Nifty IT index (CNXIT): it has recently experienced a breakout to the downside from a head and shoulders pattern, indicating potential bearish momentum. This pattern typically signifies a reversal of the previous uptrend, suggesting a possible downturn in the IT sector. Traders may consider adjusting their strategies to account for the increased likelihood of further declines in Nifty IT stocks.
33505 fresh low.


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