fortuneteller

Will Nifty IT Continue the pattern for 8800 as Targets ??

Short
NSE:CNXIT   NIFTY IT
For Last 2 years NiftyIT is in a pattern where it Falls then Retraces 0.618 then moves back to 1.27 extension of the previous fall, Currently Nifty IT is at a very crucial point as it is at 0.618 retracement and at a long term downtrend line...

Shorts can be made for the targets of 8800...

Comments

Dear Sir, I have a target price of 1100 for Infy & 2800 for TCS, 900 for HCL, tell me how is your target will reach??
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fortuneteller nishi2000
@nishi2000, IT fundamentals are still not well, and there is a good chance that NASDAQ will give a good down move....
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CNXIT has closed above trend line, wait for to close below trend line?
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