Nifty IT - Gravestone Doji At The Top Closing Price - 37103.25 SL - 37830 (DCB) Expecting Profit Booking In IT Stocks. Stay Alert
Game Over For IT Stocks ??? Bearish Engulfing On Daily Charts & Spinning Top On Weekly Chart. MACD Also Turned Negative. Profit Booking Might Take Place In IT Stocks. Be Cautious SL - 35600 (DCB)
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...
Buy recommend , for long term and swing also
NIFTY IT, overall in very strong uptrend, now moving in bullish wedge. And also in smaller time frame if you will see it is moving in symmetrical triangle. Wait for the symmetrical triangle breakout to take buy trade on IT stocks.
ghstocktrading.webnode.com NIFTY IT: WEEK-TECH-SHEET->07thDecember to 11thDecember2020 NIFTY IT moves around +630.75 pips from 07thDecember to 11thDecember2020, in which nifty IT break last week 30thNovember2020 to 04thDecember2020 top 22458.80.
ghstocktrading.webnode.com NIFTY IT: WEEK-TECH-SHEET->30thNovember2020 to 04thDecember2020 NIFTY IT moves around +644.40 pips from 30thNovember2020 to 04thDecember2020, in which nifty IT break last week 23rdNovember2020 to 27thNovember2020 top 22281.85.
*Flat Base formation & previous resistance breakout in HCLTECH. *ALL target & support level mentioned in the chart.
ghstocktrading.webnode.com NIFTY IT: WEEK-TECH-SHEET->23rdNovember2020 to 27thNovember2020 NIFTY IT moves around +849.20 pips from 23rdNovember2020 to 27thNovember2020, in which nifty IT break last week 16thNovember2020 to 20thNovember2020 top 21706.20.
ghstocktrading.webnode.com NIFTY IT: WEEK-TECH-SHEET->16thNovember2020 to 20thNovember2020 NIFTY IT moves around -635.95 pips from 16thNovember2020 to 20thNovember2020, in which nifty IT did not break last week 09thNovember2020 to 13thNovember2020 top nor bottom.
ghstocktrading.webnode.com NIFTY IT: WEEK-TECH-SHEET->09thNovember2020 to 13thNovember2020 NIFTY IT moves around -1064.20 pips from 09thNovember2020 to 13thNovember2020, in which nifty IT break last week 02ndNovember2020 to 06thNovember2020 top 21596.00.
ghstocktrading.webnode.com NIFTY IT: WEEK-TECH-SHEET->02ndNovember2020 to 06thNovember2020 NIFTY IT moves around +926.65 pips from 02ndNovember2020 to 06thNovember2020, in which nifty IT break last week 26thOctober2020 to 30thOctober2020 top 21595.80.
ghstocktrading.webnode.com NIFTY IT: WEEK-TECH-SHEET->26thOctober2020 to 30thOctober2020 NIFTY IT moves around -1047.50 pips from 26thOctober2020 to 30thOctober2020, in which nifty IT break last week 19thOctober2020 to 23rdOctober2020 bottom 21290.45.