As a part of sectorial analysis - NIFTY IT view for upcoming week.
As expected IT did performed well this week. Now its hitting 20MA on week timeframe and if opens and start trading above it, which is around the red zone marked - then expect the momentum to continue.
Also the weekly double bottom may have been end of ABC correction, and next Impulse wave may be starting off now
As expected IT did performed well this week. Now its hitting 20MA on week timeframe and if opens and start trading above it, which is around the red zone marked - then expect the momentum to continue.
Also the weekly double bottom may have been end of ABC correction, and next Impulse wave may be starting off now