CNXIT - NIFTY ITHi all,
focus on it stocks, Currently it formed flag pattern .
As per fib level of 3.618 is matching with previous resistance @ the level of 16140.
So expected moving points are 600 points from current level of 15545..
So Focus on IT Stocks. Next week some IT Stocks are in result..
Wipro - 14th July.
Infosys - 15th July.
L&T Infotech - 15th July.
HCL Technologies - 16th July
CNXIT
Science Backed by Data[All Series]: What recovered ?There's no worse feeling than having the market go up and Still see your portfolio in negative and wondering why my stocks are not recovering ?
Its because FII's, smart investors, LIC and bigger investment groups have churned sectors, rotated money into new sectors. Corona virus brought new opportunities and shut door on some business(which were stars earlier) permanently. This chart how new sectors are attracting money in last several months and shows recovery & rotations of old sectors. It is also showing top stocks in top 3 sectors and shows their relative performance vs sector.
In future chart will bring out best performing stock in each sector( Reliance , TCS , Auropharma ).
Top Sectors emerging from this fall are CNX Pharma , CNX FMCG & CNX Consumption
See how banks( banknifty ) have been battered and bruised in this corona fall.
See how nifty is under performing Midcap and Nifty Jr
Please like and share your thoughts
How 2020 has been a such a washout year.
Nifty & NIFTYITNifty is making a Cup & Handle in lower time frame, a breakout level coincides with the Bearish AB=CD between 9600-9650 which I had already suggested as a possible level in my previous tweets, view would go wrong below 9100. At the same time NIFTY IT in hourly is on the verge of an IHS breakout which suggest 13500 as a probable level. Both suggested levels could be the culmination zones for now at least for the bounce which started from 7500.
NIFTY IT: WEEK-TECH-SHEET->12th August 2019 to 16th August 2019ghstocktrading.webnode.com
NIFTY IT: WEEK-TECH-SHEET->12th August 2019 to 16th August 2019
NIFTY IT moves around -583.85 pips from 12th August 2019 to 16th August 2019, in which nifty IT break last week 05th August 2019 to 09th August 2019 bottom 15312.55.
NIFTY HEAVYWEIGHT TUMBLING DOWN !Tata Consultancy Services
Lets Analyse :-
a)TCS which has the single largest market cap in the Indian stock market dropping down for the ' 5th Consecutive Day '.At the same time the Nifty is showing some strength.
b) Looking at the chart we can clearly see that the stock has found sellers in between 2250-2300 price range on 3 different but consecutive occasions.
c) It has found support in between 2030-2070 on two consecutive occasions...and has a high probability that it may try to find support here for the THIRD TIME .
d) Also we have the 200 Ema lining up at the level.
e) There are very very minor TA confluences like H&S /Elliot wave 5/Divergence etc also flavoring a drop.
Looks a great sell till 2070 at-least.
All the very best
Hare Krishna
NIFTY IT: WEEK-TECH-SHEET->26th August 2019 to 30th August 2019ghstocktrading.webnode.com
NIFTY IT: WEEK-TECH-SHEET->26th August 2019 to 30th August 2019
NIFTY IT moves around +411.15 pips from 26th August 2019 to 30th August 2019, in which nifty IT break last week 19th August 2019 to 23rd August 2019 top 15872.85.
Nifty IT AUGUST = ++830.45 pip
NIFTY IT: WEEK-TECH-SHEET->19th August 2019 to 23rd August 2019ghstocktrading.webnode.com
NIFTY IT: WEEK-TECH-SHEET->19th August 2019 to 23rd August 2019
NIFTY IT moves around +476.85 pips from 19th August 2019 to 23rd August 2019, in which nifty IT break last week 12th August 2019 to 16th August 2019 top 15822.40.
NIFTY IT: WEEK-TECH-SHEET->05th August 2019 to 09th August 2019ghstocktrading.webnode.com
NIFTY IT: WEEK-TECH-SHEET->05th August 2019 to 09th August 2019
NIFTY IT moves around +632.85 pips from 05th August 2019 to 09th August 2019, in which nifty IT break last week 29th July 2019 to 02nd August 2019 top 15649.15.
NIFTY IT: WEEK-TECH-SHEET->29th July 2019 to 02nd August 2019ghstocktrading.webnode.com
NIFTY IT: WEEK-TECH-SHEET->29th July 2019 to 02nd August 2019
NIFTY IT moves around +440.35 pips from 29th July 2019 to 02nd August 2019, in which nifty IT break last week 22nd July 2019 to 26th July 2019 top 15645.70 as well as bottom 15265.35.
NIFTY IT: WEEK-TECH-SHEET->22nd July 2019 to 26th July 2019ghstocktrading.webnode.com
NIFTY IT: WEEK-TECH-SHEET->22nd July 2019 to 26th July 2019
NIFTY IT moves around +380.35 pips from 22nd July 2019 to 26th July 2019, in which nifty IT break last week 15th July 2019 to 19th July 2019 bottom 15363.05.
NIFTY IT: Breaks March Bottom: 15202.05
NIFTY IT: WEEK-TECH-SHEET->15th July 2019 to 19th July 2019ghstocktrading.webnode.com
ghstocktrading.webnode.com
NIFTY IT: WEEK-TECH-SHEET->15th July 2019 to 19th July 2019
NIFTY IT moves around -345.75 pips from 15th July 2019 to 19th July 2019, in which nifty IT break last week 08th July 2019 to 12th July 2019 top 15480.15.
NIFTY IT: WEEK-TECH-SHEET->08th July 2019 to 12th July 2019ghstocktrading.webnode.com/
NIFTY IT: WEEK-TECH-SHEET->08th July 2019 to 12th July 2019
NIFTY IT moves around -435.05 pips from 08th July 2019 to 12th July 2019, in which nifty IT break last week 01st July 2019 to 05th July 2019 bottom 15520.00.
NIFTY IT: WEEK-TECH-SHEET->01st July 2019 to 05th July 2019Click here for GHSTOCKTRADING
ghstocktrading.webnode.com
NIFTY IT: WEEK-TECH-SHEET->01st July 2019 to 05th July 2019
NIFTY IT moves around -577.15 pips from 01st July 2019 to 05th July 2019, in which nifty IT break last week 24th June 2019 to 28thJune 2019 bottom 15904.80.