NIFTY CNX IT :- INDEX IS TRADING AT RISING TREND LINE SUPPORT ZONE,,AS PER ELLIOT WAVE ,, CORRECTIVE WAVE 4 OF IMPULSE PHASE MIGHT END AROUND 11000 LEVELS ,, VIEW GETS NEGATED BELOW 10400 LEVELS ON CLOSING BASIS,, IF THIS LEVELS ARE SUSTAINED ,, CAN SEE SHARP BOUNCE TILL LEVELS OF 13000-14000,,,,
ghstocktrading.webnode.comNIFTY IT: WEEK-TECH-SHEET->30thMarch2020 to 03rdApril2020
NIFTY IT moves around -1309.60 pips from 30thMarch2020 to 03rdApril2020, in which nifty IT did not break last week 23rdMarch2020 to 27thMarch2020 top nor bottom.
ghstocktrading.webnode.comNIFTY IT: WEEK-TECH-SHEET->23rdMarch2020 to 27thMarch2020
NIFTY IT moves around +1840.95 pips from 23rdMarch2020 to 27thMarch2020, in which nifty IT did not break last week 16thMarch2020 to 20thMarch2020 top nor bottom.
ghstocktrading.webnode.comNIFTY IT: WEEK-TECH-SHEET->16thMarch2020 to 20thMarch2020
NIFTY IT moves around -2087.40 pips from 16thMarch2020 to 20thMarch2020, in which nifty IT break last week 09thMarch2020 to 13thMarch2020 bottom 11624.85.
NIFTY IT: Breaks Year 2018 Low: 11510.40
ghstocktrading.webnode.comNIFTY IT: WEEK-TECH-SHEET->09thMarch2020 to 13thMarch2020
NIFTY IT moves around -3746.15 pips from 09thMarch2020 to 13thMarch2020, in which nifty IT break last week 02ndMarch2020 to 06thMarch2020 bottom 15298.00.
NIFTY IT: Breaks Year 2019 Low: 13958.85
It has bounced from an extremely crucial monthly Ichimoku (Kumo) support. If it were to be held then all time frames suggest a consolidation between 14000-12500 would be likely. However, if it does not hold then the next major support is a Bullish Harmonic Shark at 10000. $:INR showing signs of exhaustion currently is a big issue with the sector.
In this correction, the IT Index Long turm chart is still bullish. Somehow it manages to sustain above its major demand zone @ 13600-14300 on weekly chart and14500 is very strong support on the daily chart.
ghstocktrading.webnode.comNIFTY IT: WEEK-TECH-SHEET->02ndMarch2020 to 06thMarch2020
NIFTY IT moves around +852.60 pips from 02ndMarch2020 to 06thMarch2020, in which nifty IT did not break last week 24thFebruary2020 to 28thFebruary2020 top nor bottom.
ghstocktrading.webnode.comNIFTY IT: WEEK-TECH-SHEET->24thFebruary2020 to 28thFebruary2020
NIFTY IT moves around -1592.45 pips from 24thFebruary2020 to 28thFebruary2020, in which nifty IT break last week 17thFebruary2020 to 20thFebruary2020 bottom 16526.40.
Most of you have frustration when trade goes against you and when you end up losing or getting out of the market early , and Many have started asking about the structure i refer very often in my postings , and they wanted to know what i mean as a structure , to understand what is structure you have to understand the concept behind my using of words as structure...