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buy above 14350
Near Fibo Support
Full strength candle
Top is confirmed W charts
On D, reversal confirmation in place with CCI-S
Can slide to 12442 and 11980.55
Pinbar Broken with strength
NIFTY IT forming ascending triangle and taking support on fib level NIFTY IT stocks can pump tomorrow
Nifty IT it may come to 12782. Find some IT stocks for short
nifty it is taking support on the green zone and a fib level of 61.80 it can be more bullish
from last three weeks price is not able to break 16190 on closing basis
continuous rejection on higher level
short with 16000 sl for 15355
Short Nifty IT Sector
The log-normal monthly chart of NSE IT. The price is approaching the upper part of the rising parallel channel.
Applied Fibonacci levels to IT index.
Index seems to be closing above it short term resistance oh 16086 level. A strong breakout above previous highs of 16130 will be a buying opportunity in Tech stocks like Techm Infy TCS Wipro Mindtree which have been strong.
Weaker rupee may be a trigger. But one should wait for a breakout and not hurry since they have rallied ...
Close to channel resistance
05:45 Hrs - 21st Aug 2018
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An Inhaler mainly used in the treatment of asthma (i.e. Breathing Problem)
Indian Market as well as World Market too have facing Breathing Problem in Upper Level.
Reason to Choose:
#1. Width of Bolinger Band Narrowed to near yearly.
Thumb rule: History Repeats.
Stocks to watch:
CYIENT', MINDTREE', HCLTECH', TATAELXI', TCS', INTENTECH' ...... more
Price higher, RSI lower - classic RSI divergence in nifty IT
After the corrective move around end of April, the final leg of correction seems to have commenced in Nifty IT NSE:CNXIT.
IT stocks including large caps like TCS and Infosys witnessed heavy selling pressure today.
Looks to me that the selloff will continue and is the start of a corrective move in IT index before a fresh uptrend begins.
I can see that IT index ...