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dharmesh79576

CNXIT headed for a triangle breakout. IT week ahead!

Long
Nifty IT Index (NSE:CNXIT)  
dharmesh79576  
NSE:CNXIT   Nifty IT Index
Fibonacci Trend Lines Triangle
1
3
fibonacci trendline triangle
The IT sectoral index (NIFTYIT) has been consolidating for almost a month and now seems to be on the verge of a breakout. Keep watch on this sector for the coming week. Expecting the index to go up to 28500 soon.

My personal picks are
1. Infosys
2. Wipro
3. Coforge

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