Nifty IT index 30 min chartMature stage 4 is visible in Nifty IT index after Wyckoff distribution (stage 3) played out. Will we see more selling or can the market halt the downside progress here?
CNXIT trade ideas
NIFTY IT good long candidateNifty IT,cmp 36000
look around demand zone,, should look for reversal opportunity,,
CNXIT... CAN IT STOCKS DRAG NIFTY DOWN? As per Elliot's wave pattern, the IT sector is on the 5th wave run.
The sector had rallied 80% in the last year without any significant correction.
With the major IT companies announcing their quarterly results next week I'm expecting profit booking in stocks that had rallied significantly.
Be cautious before investing in this sector now.
it index be cautiousbe cautious seems overownership is the cause... going into time correction and price correction
CNXIT - Long on IT stocks if breaks the pervious highCNXIT looks positive after taking the support from the previous high. Now price returned back to the breakout level and took support and moving up to break the previous high once again.
Traders can target IT stocks which is about to break the previous highs or trading near the highs. . . .
Nifty IT RoadMapPrice trading near its important fibo level 4.236 . This quarter results decide the direction of IT Sector .
Nifty it updateNifty IT was on a rally for one week I think it's time for a pullback or a time correction and then up move
(just an educational video only) What do you think about this analysis?
Educational Price Action AnalysisPrice action will be more stronger if there is BO and retest and RSI between 60 and 80... lets see CNX IT can give the BO... results are on the way...
NiftITNIftyIT index after a bull run in last few trading session has corrected to 38% fib retracement and has taken good support here today ..
Tomorrow's session will be important to see if this is just a healthy correction or we can have more downfall
Nifty It Heading Towards Resistance NSE:CNXIT
As we can see, nifty IT sector chart heading towards resistance here we can not say that all it stocks will fall but some of them whichever at resistance might fall a bit for sure if this harmonic pattern will be respect by price then only.
This chart is just for aware that is sector heading towards resistance, so new long entries we should avoid.
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
Analysis on Nifty ITNifty IT likely to consolidate between ALT and 38870 range
Note: I'm sharing my views on Nifty IT for educational purpose only, Please don't take this as a trading signal/call.
NIFTY IT moving from strength to strengthA very nice flag n pole followed by a round of consolidation. This could may well be nearing 50k in a few months. If there's not another global meltdown because of PANDEMIC, but anyway looks very very strong. let's see how it goes.
NIFTY IT TOP COMING VERY SOON 38422 - Risk : Reward - 1:5NIFTY IT TOP Coming very soon near 38422 . it will lead Nifty 50 as well to another down fall. Beware and start making little short positions.
Please consult your financial Advisor before any psoition and manage your risk accordingly.
Note : This suggestion is data backed by Stock Data Science .
NIFTY IT SECROR READY TO FLYIT Sector given breakout after long consolidation
Pole and flag breakout on weekly amid bearish market
IT Sector is looking Strong Bullish .
NIFTY IT VIEWNifty IT index touch the previous level of all time high, High probability to reverse the index from these level & touch the level of 37000, Due to that we can see pressure in NIFTY 50 index. Be cautious in NIFTY IT.
Nifty IT CNXITlets see the chart of index now .
among all the indices only nifty IT is bullish it has come out of channal patter .
also if we see there is flag and pole pattern formation .
we can expect a long rally of IT stocks .
like previous pole of 28% again rally of 28% can come .
Looks good for consolidation breakoutRelatively strong sector
Breakout Possible
Above 50DMA and 20 DMA
NIFTY IT Bullish Flag BreakoutNifty IT is showing Bullish Flag breakout Pattern
IT sector showing strength
Nifty IT(CNX IT) Make or Break Levels for TradingRecently Nifty IT was Facing counties Facing resistance From A past Trend line And Crossed the line yesterday.
But Make or Break Level is most important As it also form A double Top Pattern.
Buy above IT stock above this Level
NSE:CNXIT
CNXITCNXIT has given BO on daily TF also it is able to sustain the supply zone
look for infy techm hcltech wipro
37100 above it has to sustain
cnxniftyit in a range approaching upper rangelet us see what it will do as it is in a range one can see in chart and now approaching upper range on closing basis what it going to do??
observe it as posted for learning technical analysis via sharing .so views comment welcome.
