MrGaggi

Nifty IT - Trend Analysis and Important Callouts

NSE:CNXIT   NIFTY IT
Nifty IT has entered a long upward parallel channel and may follow it in coming days. RSI showing weakness therefore it is very much possible index breakout of parallel channel and further consolidate within the rectangular range shown in past few weeks.

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Comments

Cant this also be considered a double top formation?
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