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
NiftyIT - CNXIT - Weekly -Cup and HandleNifty IT Weekly analysis of the Nifty IT Index, showing a Cup and Handle pattern
Key Insights:
Cup and Handle Pattern:
The pattern began forming around mid-2022 and completed by 2023.
The breakout from the handle occurred around 38,539.00, which is a critical support level now.
Measured Move and
Nifty IT Index Date 18.09.2024
Nifty IT Index
Timeframe : Day Chart
Top constituents by weightage
1 Infosys = 28.45 %
2 Tata Consultancy Services = 24.57 %
3 HCL Technologies = 9.88 %
4 Tech Mahindra = 9.35 %
5 Wipro = 7.81 %
6 LTI-Mindtree = 5.81 %
7 Persistent Systems = 5.56 %
8 Coforge = 4.30 %
9 Mphasis =
CNXIT // levels // 8h"Welcome to SkyTradingZone "
Hello Everyone 👋
Levels in CNXIT:
Level 1: Junior Executive (JE) - ₹300 - ₹500 per hour
Level 2: Executive (EX) - ₹500 - ₹800 per hour
Level 3: Senior Executive (SX) - ₹800 - ₹1,200 per hour
Level 4: Assistant Manager (AM) - ₹1,200 - ¥1,800 per hour
Level 5: Manager (
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Displays a symbol's price movements over previous years to identify recurring trends.
