Nifty IT - Perfect Head and ShoulderNifty IT is super weak, should fall in the coming days, if support is broken.
Market overviewAs we see overall Indian market is being negative.
1) The structure of nifty 500 is not good.
2) Nifty 50 is already broke inverted head and shoulder pattern.
3) Banknifty structure is little better but having low high structure.
4) Mid cap better than nifty 50.
5) NityIT is showing strength. it h
IT SECTOR OVERVIEW: Super Bullish!Observation & Overview:
1. The IT Index was beaten down in late 2022.
2. After 2023 it formed a bottom and prices started gaining strength.
3. 2024 price started forming Higher Highs & Higher Lows, touched the previous 2022 ATH and currently, taking support from the 50% of the swing and also bounci
CNXIT IndexHello & welcome to this analysis
The index is in the PRZ of a bearish Harmonic Butterfly pattern in the daily time frame.
It will get activated if the index starts moving below 44300 for a pullback to the slanting trend line shown in the chart
NIFTY IT Breakout retestHello Everyone,
Nifty It view if takin 200ema support then upmove possible as cup and handle breakout retest is happening
All time high NiftyIT has crossed life time high after 3 years of consolidation and it is poised for higher and more higher.
The Outperformer's Guide: Top Stocks from Each SectorThis analysis highlights key sectors and stocks to watch.
1. Nifty IT NSE:CNXIT
● The Nifty IT sector has demonstrated resilience during the recent negative market sentiments.
● Notably, it has formed a Descending Broadening Wedge pattern and expected to breakout soon.
➖ Stock to Watch - C
NIFTY IT Break Down Before US ElectionNifty IT is currently break down and negative trend in before the us election. In the current market correction this is the one of the most positive and attractive sector in the indian market but this week the price is fall Nifty IT Company in the FII Friendly but Huge selling in the FII Less impact
SMT between NIFTY and IT?Have been back-testing indulging in ICT/SMC concepts and have been noticing bearish SMTs/divergences being formed between BANK, IT and NIFTY (higher highs and lower lows) every time NIFTY proceeds to correct heavily.
Seeing how IT dumped relative to NIFTY's run today, I was hoping to find something
See all ideas
Displays a symbol's price movements over previous years to identify recurring trends.
