MINDTREE breaking some resistance points on daily time frame, Risky entry started after candle closing today safe entry will start at given level i.e 3600.
Trade according to your setup.
As 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...
Nifty IT Views:
Almost 30% correction from TOP of 39k.
IT sector has long term benefits due to digitization drive taken across globe.
Views: Long Position.
Currently taking multiple support at around 26K, this is previous year consolidation area
Current consolidation range between 26k to 30k.
+ve divergence in RSI.
To estimate down side,...
Watch IT Sectors Stocks like: TCS, Infosys, Wipro, HCL Tech, Tech Mahindra Etc.
Inverse Head and Shoulders
The inverse head and shoulders chart is thought to predict a bearish-to-bullish trend reversal and signals that a downward trend is nearing its end. Investors consider it to be among the most reliable trend reversal patterns.
This 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...
Recently Nifty IT was Facing counties Facing resistance From A past Trend line And Crossed the line yesterday.
But Make or Break Level is most important As it also form A double Top Pattern.
Buy above IT stock above this Level
NSE:CNXIT
Buy above 1021 for a target of 1033/1045/1055
major resistance @1055, it breaks that, then we can see an upside potential.
Support @200 EMA.
Major support @1000
ghstocktrading.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.
ghstocktrading.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
ghstocktrading.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.
ghstocktrading.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.
ghstocktrading.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.
ghstocktrading.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
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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.
ghstocktrading.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.
