nifty it looking strong ,
ready for breakout
buy above 28000 tgt-28200\29000
AFTER LONG TIME NIFTY IT READY FOR BREAKOUT,
CATCH IT STOCKS BEFORE BREAKOUT LIKE ,WIPRO,INFOSYS ETC
FOR ANY QUERY MSG IN COMMENT
This stock is looking like head and shoulder chart patterns breakdown along with good intensity of volume, and it has started its correction as a wave A in 5 subdivisions and then wave B is small and now once price breaks below 4058 then possibly wave C must started, and it should come down in 5 legs only. Below are some supporting scenarios shared.
As we can see, nifty IT sector chart heading towards resistance here we can not say that all it stocks will fall but some of them whichever at resistance might fall a bit for sure if this harmonic pattern will be respect by price then only.
This chart is just for aware that is sector heading towards resistance, so new long entries we should...
NIFTY IT TOP Coming very soon near 38422 . it will lead Nifty 50 as well to another down fall. Beware and start making little short positions.
Please consult your financial Advisor before any psoition and manage your risk accordingly.
Note : This suggestion is data backed by Stock Data Science .
Nifty IT is overhyped and euphoric , as it was there in Nifty . Short Infy as it is one of the leader of IT sector after TCS .This will play role in falling of Nifty IT.
Note : This suggestion is Data Backed from Stock Data Science . You can take positions after consulting your Financial Advisor . Please manage your risk accordingly.
Nifty 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.
Macd in daily time frame Negative crossover
Rsi downtick in daily time frame
trendline breakdown in hourly time frame
Nifty I.T. cmp 33715
on verge to complete impulse phase of elliot wave,, and supply line resistance around current levels,,
Time to book profit in I.T. stocks and choose some overbought stock to go short,,
Good profit booking and reversal can be seen
Fall of 10-15% in counters and index can be seen...
We all know in stock market, future is the repetition of past. Kindly take a look and decide what you think? Many events are
happening around us giving sign of beginning of this fall. Don't forget to comment. Thanks.
note guys this is not a buy recommendation
sell side below 800 level
💢forming descending triangle
💢interesting buy from promoters in the last year
💢expecting an upside breakout
about the company
✨Accelya Kale Solutions Is a Software solutions provider to the global Airline and Travel Industry.✨
watch IT sector guys
hcl tech in a major support zone.
horizontal & trend line both supports are good.
if it fall it may be the better opportunity.chance give a shorting opportunity.
so intra players keep an eye on it.especially hcl tech.okay.
hope u understand my points.
hey note dont look for patterns....go with opportunities😊😍