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Cnxitshort

CNXIT | ITBEESDisclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
NSE:CNXITLong
by Munish_Jain
3
CNX NIFTY ITNifty IT, looks like it has completed wave 3rd of bigger degree wave 5th, now it could started steps towards wave 4 as corrective, as per sector views it stocks could show little bearishness as per index predictions. Wave structure Macd in daily time frame Negative crossover Rsi downtick in daily time frame trendline breakdown in hourly time frame adx dmi conversion towards negative in daily time frame adx dmi negative in hourly time frame rsi down tick in hourly time frame macd in hourly negative along with down tick and now below zero line Disclaimer I am not sebi registered analyst. My studies are for educational purpose only. Consult your financial advisor before trading or investing.
NSE:CNXITShort
by RK_Chaarts