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CNXIT: NIFTY IT has broken the channel on the upside in which it was stuck for last 1.5 years. High RSI. Time to invest in IT now.
ENTRY TARGET SL Mention in the chart. ALWAYS TAKE TRADE WITH CONFIRMATION Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
Coforge LTTS HCL Technologies Mindtree Infosys Mphasis Larsen&toubro infotech LTI Tata Consultancy Services Tech Mahindra Wipro NSE:CNXIT
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
#NIFTYIT looks good for a decent up-move. SL can be placed below the horizontal line on closing basis.
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
NIFTY IT Will Show Reversal Sign :) Bearish Divergence work done and Show Reversal Sign
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.