NIFTY IT INDEX POSITIONAL VIEW BUY ON DIPSNIFTY IT LONG TERM VIEW, GOOD TO BUY ON DIPS
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CNXIT trade ideas
big breakout in it sector
this is a daily chart of nifty it/nifty 50 breakout and target projections
BIG breakout in IT sector on weekly timeframe , big breakout on decade long trendline happened few weeks ago and its sustaining . so, strong possibilty of multiyear bull rally in stocks
Avoid IT Stocks (CNXIT Chart)NIFTY IT is on monthly trend line resistance. Please avoid holding IT stocks for upmove (Mid Term or Long term). IT looks exhausted and we may see correction coming soon. Also, to support above statement, INR will get stronger against USD in coming times and this will lead to IT companies share prices coming down.
Nifty IT triple top formation..Now may go down Nifty IT triple top formation.
Nifty IT may go down from here..
IT Sector May lead The rally for next week..!!!
****Disclaimer****
Trade with risk management but don't get afraid of taking risks because the winner is who BETS as well as never gets short of CHIPS...!!
NIFTY IT Index : Weekly BreakoutNifty IT index has broken above the weekly highs which also the resistance.
And MACD is also breaking out higher.
Looking for Infy, TCS & HCLTech to go long !!
Already above Breakout : Infy , HCLTech
#Ramban_Alert: Something Going on in IT sector. Be carefulShooting Star at Resistance.
Last time also seen same thing. Is History going to repeated???
NIFTY IT is bullish for another 7-8% moveThis is to support our idea of TCS idea (both for educational purpose)
We will see some good move in IT Stocks
CNXIT - NIFTY ITHi all,
focus on it stocks, Currently it formed flag pattern .
As per fib level of 3.618 is matching with previous resistance @ the level of 16140.
So expected moving points are 600 points from current level of 15545..
So Focus on IT Stocks. Next week some IT Stocks are in result..
Wipro - 14th July.
Infosys - 15th July.
L&T Infotech - 15th July.
HCL Technologies - 16th July
Nifty ITNifty IT Break Ascending Triangle pattern .if it Sustain in Monday then add IT Stock in your watchlist For Buy Side.
Nifty_IT_July2020 ProjectionsBased on current trend and next support level, I am expecting the IT index to continue the trend fo next few weeks, and high probability to hit target price range within next month.
Nifty IT: Looks preparing for Extended Wave 5IT stocks are showing great momentum. Found support around previous break out levels.
NIFTY IT at channel support, once againNifty IT is once again at channel support. Had previously recommended to buy for 8-10% upside, and successfully exited the same.
From here it can be both long and short, based on where it continues to take support or breaks it. Should ideally short, if channel breaks, on closing basis.
