NIFTY IT Nifty IT took support at FIB levels at the bottom and shows positive RSI Divergence on daily Charts. If it holds, then levels to watch out for are 26145 and 26740 in medium term. Infy, TCS, HCL Tech, Tech M, Wipro, MIndtree on radar. Longby Srivis125Updated 2
WXY CORRECTION IN CNX IT:TIME TO EXIT LONGSCNX IT IS DISPLAYING DOUBLE CORRECTION WXY TYPE OF PATTERN OF WHICH WAVE W AND WAVE X HAS ALREADY BEEN FORMED.WAVE Y SUB WAVE A CAN TAKE PRICES TO 23850-23650 ZONE AFTER WHICH A BOUNCE CAN COME EVENTUALLY FOLLOWED BY WAVE C DECLINE TO WAVE A LOW'S OR TILL 21950-21800 ZONE.Shortby UNDERDOG-29110
CNXIT 25562 -WeakCNXIT 25562 - As bull pressure is weak and sellers are being strong we expect CNXIT will drop to support region 24500. Resistance at 25850 region. Shortby subravi0
NIFTY IT LOOKS POSITIVENIFTY IT was on bullish momentum and started consolidating. It has formed an falling wedge pattern. It broke out of that pattern in the last session and also retested. It is an indication of of bullish market for NIFTY IT. Can expect a good bullish momentum. Let me know if you have any suggestions or recommendations. Thank you. Disclaimer :- Just an idea not any recommendation.Longby dhruvdhotkar1
nifty ITNifty it also ready to fly coz it forming double bottom and rei also making higher high now time to invest in IT equity.by rajat_chandan0
Making new highsHas made close above the resistance, watch out for new highs . Just a view better seek professional advice.Longby Smhaditya0
Monthly chart analysis of Nifty ITNifty IT - 03-03-2021 In the monthly chart, the IT companies faced profit-booking in Jan as well as Feb after touching the resistance line placed at an all-time high. Candle of march is looking strong and again this month it can try to break the resistance line.Longby mr-sky0
Nifty IT looking weak- Possible 14% correction till 20948First target 23655 and if that breaks next target would be 20948 which is 0.38 retracement of the Mar'2020 rally till the top. Intermediate wave 1 to 5 seem to have completed.Shortby Poison_19071
CNXIT(25503)-ReviewCNXIT(25503) - Has failed the pullback and confirmed breakdown. Target 24310.Shortby subravi0
IT Index -- NIfty IT can run from here onwards#niftyIT seems bullish as you can see Inver HnS spotted inside symmetrical triangle...by vpatil101
DOT-Com bubble 2000-2020/21The dot-com bubble (also known as the dot-com boom, the tech bubble, and the Internet bubble) was a stock market bubble caused by excessive speculation of Internet-related companies in the late 1990s, a period of massive growth in the use and adoption of the Internet.by mrudang072
CNXIT headed for a triangle breakout. IT week ahead!The IT sectoral index (NIFTYIT) has been consolidating for almost a month and now seems to be on the verge of a breakout. Keep watch on this sector for the coming week. Expecting the index to go up to 28500 soon. My personal picks are 1. Infosys 2. Wipro 3. Coforge Longby dharmesh79576331
looking for a short pull back in IT sectorBased on my analysis on sectors, I expect a short correction before a move upside.. Confirmation derived from wave theory and R&S levels Shortby preethansebse1