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IT INDEX looking for 2XAs predicted last time for IT index to sell at 33850, which was followed by 20% correction in the Index and saved capital there.
Now looking at the market scenario, IT stocks looking one of the best bets in the Indian sector
1) Golden pocket zone of 2020 bull run
2) Bounced from the long awaited channel trendline
3) Taking support at previous support zone of 25-26k
Disclaimer: Chart, data and levels for study purpose only. I am not a financial advisor. Use your intelligence before investing.
NIFTY IT SECTOR CNXIT WAVE STRUCTUREThis sector has completed corrective waves as wave A-B-C and now possibly wave X has been started as a retracement, Once it closes above 20DMA (middle Bollinger band on daily chart), then it can show good strength and go towards north directions, up to 38.2% of whole recent fall as wave A-B-C. Some price actions and some indicators are suggesting reversals after bearish fall, which are mentioned below.
Hammer Sentiments, on merging last two candles on weekly chart
price action is bullish piercing candle on weekly
macd positive crossover on daily chart
Stochastic positive on daily chart
After oversold, now RSI is again above 40 levels on daily chart
dmi adx positive on hourly chart
dmi adx converging towards positive in daily chart
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Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
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 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.
NIFTY IT: WEEK-TECH-SHEET->27th May 2019 to 31st May 2019ghstocktrading.webnode.com
NIFTY IT: WEEK-TECH-SHEET->27th May 2019 to 31st May 2019
NIFTY IT moves around +670.95 pips from 27th May 2019 to 31st May 2019, in which nifty IT break last week 20th May 2019 to 24th May 2019 top 16009.65.
NIFTY IT: Breaks April Bottom: 15662.55
NIFTY IT: WEEK-TECH-SHEET->20th May 2019 to 24th May 2019ghstocktrading.webnode.com
NIFTY IT: WEEK-TECH-SHEET->20th May 2019 to 24th May 2019
NIFTY IT moves around -547.80 pips from 20th May 2019 to 24th May 2019, in which nifty IT break last week 13th May 2019 to 17th May 2019 bottom 15642.95.
NIFTY IT: Breaks April Bottom: 15662.55
NIFTY IT: WEEK-TECH-SHEET->29th April 2019 to 03rd May 2019ghstocktrading.webnode.com
NIFTY IT: WEEK-TECH-SHEET->29th April 2019 to 03rd May 2019
NIFTY IT moves around -654.95 pips from 29th April 2019 to 03rd May 2019, in which nifty IT break last week 22nd April 2019 to 26th April 2019 top 16523.75.