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From the last 15 Months , IT Index (Sector)was in a consolidation, now it is at breakout level on weekly time frame. If break 31000 Level , can expect good move in coming Year. Be ready with your IT stocks watchlist. Please do your analysis before any Investment
Nifty IT analyasis on 02 May 24 trying to formtion for cup and handle cup and handle failed if closes below 32100 target 34000 - 35000 - 37000 - 38000 - 45000 cup and handle long term target 50000
Is CNX and Nifty the same? Also known as the National Stock Exchange Fifty, the Nifty is the benchmark index of the National Stock Exchange (NSE). The index was introduced in 1996 and is also referred to as CNX Nifty and Nifty 50 by traders. How To Become a Professional Trader : Learn the trading basics. ... Learn the advanced basics. ... Develop trading systems...
Double top pattern in Nifty IT Index..................................
Nifty IT index (CNXIT): it has recently experienced a breakout to the downside from a head and shoulders pattern, indicating potential bearish momentum. This pattern typically signifies a reversal of the previous uptrend, suggesting a possible downturn in the IT sector. Traders may consider adjusting their strategies to account for the increased likelihood of...
CNXIT breadth is 100% since 3rd May 2023 past 20 year this index is in parallel channel. after sideways movement can we may expect an upmove which will bring bear trap for current setup
#NiftyIT Sector Analysis (1W TF) Pattern: TRENDLINE BREAKOUT - Breakout of Resistance - Done ✓ - Major Resistance Breakout - Done ✓ - Retracement & Consolidation - In Progress #stocks #swingtrade #chartanalysis #priceaction #traderyte #india #indiagdp #StockMarketindia
Nifty IT sector might be in pain; technically, as seen on weekly chart - it is crucial to see whether it takes support and reverses at 33400. If it falls below it, then IT sector would be under deep pressure. This is for Educational purpose only views based on price action, Elliott Wave & Fibonacci. Views expressed here are not for investors/traders. Do your own...
Welcome To Trend Talk😊 All Levels in a Chart Options Trading for Beginners Options are a form of derivative contract that gives buyers of the contracts (the option holders) the right (but not the obligation) to buy or sell a security at a chosen price at some point in the future. Option buyers are charged an amount called a premium by the sellers for such a...
Nifty IT PRZ chart-> Watch out for upside now from here. PRZ 34729 to 34500 with closing basis Support of 34236
not a buy till it crosses above 38000 on the index
.................trgts 35300-34300............... HNS breakdown......... sell on ST
Hello everyone👏 Hope you liked my posts. 😊 *** Nifty IT index coming to bearish teritory. *** IT index in daily TF broke down below 50 MA *** momentum downside *** bigg red bearish candlestick 🔴 *** major support of 36750 broken *** trendline broken with gap *** which stocks I analyse.. Please let me know in the comments below. Will post detailed...
Buy Nifty IT Cmp - 31880 SL - 31000 ( Weekly Closing Basis ) Target - 37000
Hello & welcome to this analysis IT Index looks v strong, this phase of consolidation would be a great opportunity to add more. Breakout above 38100 for 38500-39500-45000 with immediate support at 37300, below that next major support near 36500. Happy investing
Nifty IT remains weak below 38040. Trgs on chart. Expecting 36689. Probable trend change dates also given. Mark H/L of these dates. Angles are plotted based on some Gann technique. View is not a recommendation to trade.
NIFTY IT Index Ready for Breakout on upside - 40% upside in 1 Yr possibility. IT Index showing multiple Positive momentum with Flag Pattern breakout & initial targets coming as 40% upside from current levels after CUP pattern breakout. Happy Investing.