Nifty IT is on the verge of inverted Head & Shoulder pattern breakout. This is reversal pattern and traders should avoid shorting IT companies. From here I would prefer to go with long side position in IT stocks like TCS, INFY, HCLTECH, WIPRO, CYIENT, KPITTECH, PERSISTENT, TECHM.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.