#NiftyIT forming Cup pattern#NiftyIT forming Cup pattern FOR further movement
after settlement we will see nice formation for 8-10% upside potential in longer time frame
little bit profit booking may b
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Cnx IT MONTHLYCnx it monthly chart... Posible pome for next 5-6 years.... One up move but 2 diffeent path... Both on the upside 1st (till 2027-28)... Before down side till 2029-2030
NIFTY IT: EMA Golden Cross Over & BULLISH GAPNIFTY IT:
Trading at around 36800 and above all its Exp.Moving Averages
20 Day EMA Golden Cross Over above 50/100/200-Indicates momentum in the Index
NIFTY IT has a Bullish Gap extending from 37000-38200,If the Index manages to give a break out at 37000 shall expect a breakout towards 38000+(For ed
Bear Market Continuation This visual pattern suggest the Market in IT Sector will continue to Go down
I have Just put what i consider as patterns likely to unfold
This is education Content
Good luck
NiftyITNifty IT | CMP: 33,702
The index made its all-time high (ATH) in December 2024 and has since been in a structural decline. After hitting a low in April 2025, it has been moving within a parallel channel, testing the upper boundary in June 2025.
Support Zone 1 (31,230–30,575):
This level has rep
IT Rockets INCOMING IT Sector is set to propel again looks like. Weekly RSI at exhaustion similar to MAy'24 levels. DXY expected to rise with USDINR going above 90+ and perhaps till 95 too. Foreign gains in USDINR to aid IT stock margins. Existing Offshore employees don't need VISA H1-B 1 lakh USD fees, so that's prot
its an opportunity to buyNifty IT Technical Analysis (CMP: 35590)
Elliott Wave Analysis: the box from the mid point completes the 5 waves. Hence the rally was wave 1 and this correction wave 2. Therefore any dip now is an opportunity to buy.
Fibonacci Analysis: The index's halt at the 61.8% retracement level suggests th
Nifty IT daily strong short-term bullish IT daily chart is showing a strong short-term bullish setup, supported by a potential inverse head-and-shoulders pattern with key support near 34,200. The index is trading around 36,100 and aiming for the crucial 38,000 neckline. Positive sentiment is further boosted by the ongoing share buybacks of
Nifty ITIT index has staged a sharp U-turn from the 34,000 support zone, helped by the buy-back announcements of heavyweights TCS and Infosys that lifted overall sector sentiment. This rebound aligns with the inverted head-and-shoulders pattern visible on the weekly chart, with 38,000 acting as the key neck
Nifty IT Index – Daily Chart UpdateA potential harmonic pattern (XABCD) is forming with bearish continuation signals.
📊 Key Levels
Resistance: 35,300 – 35,450
Support: 34,100, next at 31,000 (2.24 extension)
Current Price: 34,635 (-1.44%)
📈 Indicators
RSI at 39.38 → bearish momentum
Moving averages trending down
📌 View
Below
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Displays a symbol's price movements over previous years to identify recurring trends.
