CNXIT trade ideas
Nifty It break outNifty It break out.
Flag and ascending triangle or wedge.
all time high breakout
Rsi is strong.
CNX IT 28217 - Still bullish 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.
NIFTY IT - DARVAS BOX BREAKOUTAfter 5 months of consolidation, the IT index has breakout from the box. As Largecap IT is not performing well because they are the heavyweights of the index, now it time to bet on large cap IT giants like HCL tech, TCS, Infosys etc.,
Nifty IT is looking very strongNIFTY IT index has broken a strong resistance which was there since January. A parallel channel is broken and is looking very bullish.
Keep eyes on TCS, INFOSYS, HCL etc.
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Happy Trading :)
CNXITCNXIT index has broken the all time high. Watch whether it holds or breaks, if it holds we can see fresh rally in IT stocks
Please note I’m not a registered analyst. Please analyse your self before investing
NIFTY ITNIFTY IT, overall in very strong uptrend, now moving in bullish wedge.
And also in smaller time frame if you will see it is moving in symmetrical triangle.
Wait for the symmetrical triangle breakout to take buy trade on IT stocks.
CNXIT 26996 - BullishCNXIT 26996 - Bullish as signals are diverged and a wolf wave pattern suggests Target of 27982.
Don't Miss Nifty IT Stocks - Keep Accumulating NIFTY IT Index has been in uptrend since April, 2020. The Index is about to complete its consolidation and ready to breakout a Pennant Formation on the charts as visible and
continue its uptrend.
Keep accumulating your favourite IT Stock.
(Mindtree is ready to fire)
CNXIT - Head & ShouldersHead & Shoulders pattern forming on 4H Chart of CNX IT INDEX. SELL below 25300, SL 26500. It is forming at the Top of the Index. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns. .
Nifty IT - setting up for an upmoveNifty IT - all it related stocks readying for an upmove. Probably the next buys should happen in IT stocks
NIFTY IT - WEEKLY ANALYSISAs you can see in the chart. If we crosses above resistance of horizontal trendline marked in the chart we can see huge upside movements in the coming week. Keep a look at the nifty IT sector in the coming couple of weeks.
