NIFTY IT

CNXIT NSE

vipulmehta817

NIFTYIT/NIFTY ratio chart has been trading in a range for the last 9 months since Sep'20, as shown in the rectangle pattern. The chart is breaching the top trend line of the pattern with momentum. RSI, the momentum indicator, never reached oversold conditions at the two times the ratio touched the bottom of the rectangle, indicating strength. The RSI is also well...

vanathi

Query : How much capital is needed to trade? This is one of the most frequently asked query from new traders. I have seen people who have the opinion, “50 Lakh or one crore capital make trading safe & secure”, “only people who have capital more than 50 Lakh only earn money from trading” etc. Its true that without capital we cannot start any business. Its also true...

AttackTheBear

My Views: Index made a new high whereas RSI didn't which indicates negative divergence. It will have to sustain around 29100 and 29280 (0.5 and 0.382 level on fib retracement) before it continues the uptrend Please do your own analysis before making any decisions and also let me know if I missed something. Let's learn together.

Aditya_Mundada

#NIFTYIT looks good for a decent up-move. SL can be placed below the horizontal line on closing basis.

seekedgetrade

IT Index Trending and all IT stocks are performing and trending with great momentum but need for caution need is that there momentum divergence exit on the chat which would mean that price is moving up but momentum is dropping

shivamgrover859

This is for educational purpose

activetanu

double dip in cnxit it is good technical condition

anandnst

#CNXIT Cash -Positional call 23.06.2021 Looks weak below 28200 stoploss 28400 Target 28000/27800/27600 Cmp 28258

mdtarik

Watch?

Ashu_ss

I am not good with chart presentation and with another fancy indicator. I will make it simple and clear there is a clear breakout in the Nifty IT index. INFOSYS is leading the way and it gonna outperform other IT stocks and today it is at a lifetime high of 1501.

subravi

CNXIT 28448 - Has Achieved target1 of 28418 as posted on June 13 at 28217.

rohan-patel

This is Post 5 out of 7 in an exploration of an investment strategy known as top-down investing. This comparative chart showcases the relative strength of all of the companies that the NIFTY IT Index comprises as of 15th June 2021. Here, I am looking to identify the companies/stocks that are outperforming/leading the index.

WAVEMAGIC

IT stocks should see a rally till CNXIT index hits the resistance mark.

YS9

It has given breakout of down trending line.. It may be time to go long in IT

Liquid_Bull

Keep IT sector on radar. Breakout. Ascending Triangle.

kdave

Nifty It break out. Flag and ascending triangle or wedge. all time high breakout Rsi is strong.

subravi

CNX IT 28217 - Still bullish. Following our last week posting we find CNX IT indicators are still bullish. So we expect a target of 28418 in short term and 28895 in Medium term. VIEW WILL GET NEGATE IF CNXIT CLOSES BELOW 27954.

Priceactionbreakouts

Nifty IT looking strong