CNXIT trade ideas
Nifty ITEnding the series with a view of the IT index.
The support is the 50WEMA, ST support and also a breakout retest. Usually when there is so many indicators at a point wait for a bounce at support or breakdown before taking a trade.
#CNXITNear Fibo Support
Full strength candle
Top is confirmed W charts
On D, reversal confirmation in place with CCI-S
Can slide to 12442 and 11980.55
Pinbar Broken with strength
NIFTY IT analysis on smaller time frame (bullish)NIFTY IT forming ascending triangle and taking support on fib level NIFTY IT stocks can pump tomorrow
NIFTY IT (CNXIT) trendline on historical chartIt has been observed on NIFTY IT CNXIT weekly chart that a rising trend line has been acting as good support and resistance on several occasions.
PS: Request you to use this trend line setup as a supplement to your analysis before taking any position.
Thanks,
tRex
Jurassic Park
nifty it bullish on 4 hour time frame nifty it is taking support on the green zone and a fib level of 61.80 it can be more bullish
nifty it - heading for a correctionfrom last three weeks price is not able to break 16190 on closing basis
continuous rejection on higher level
short with 16000 sl for 15355
NSE IT - monthlyThe log-normal monthly chart of NSE IT. The price is approaching the upper part of the rising parallel channel.
Tech stocks may be in for another rallyApplied Fibonacci levels to IT index.
Index seems to be closing above it short term resistance oh 16086 level. A strong breakout above previous highs of 16130 will be a buying opportunity in Tech stocks like Techm Infy TCS Wipro Mindtree which have been strong.
Weaker rupee may be a trigger. But one should wait for a breakout and not hurry since they have rallied a lot this year.
CNXIT & TradingView-Both in Drivers Seat -9920 to 15000!!! 05:45 Hrs - 21st Aug 2018
Last Price@14996
Hello All,
Good Morning!
TradingView in Drivers Seat - Exciting!
Rev your engines! You might notice a familiar name for two races during the 2018 Monster Energy NASCAR Cup Series season, because TradingView will be sponsoring cars No. 51 and No. 52.
The first race will be held on Saturday, August 18, at the Bristol Motor Speedway for the Bass Pro Shops NRA Night Race. The green flag is scheduled for 7:43 p.m. ET with television coverage starting at 6 p.m. on NBCSN.
Reed Sorenson will drive No. 51, the 2018 Chevrolet Camaro. Sorenson has been driving since he was six years old and began his career as a full-time driver in 2003.
The second race takes place on Sunday, September 2, at the Darlington Raceway for the Bojangles’ Southern 500. Driver intros start at 5:20 p.m. ET on NBCS.
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CNXIT - In Driving Seat -That’s 300kph, not 100! (You can click the ideas)
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Tech Mahindra - Can double bottom hold at 453- Click the Idea to read
Tech Mahindra - Act like Lawyer -Turning from 442
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Infosys - 900 to 1400
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CNX IT - The Driver
What a rally from 9500-9600 as suggested -has up -up & away started....... reached highs at 15150 as on Aug 2018
30th Nov 2016 - W = Y = Z is equation solved
18th Jan 2017 - Revisiting The Sell Setup
12th Feb 2017 - Has the Up-Up & Away started at 9500-9600 zone
CNXIT: Inhaler of NIFTY
An Inhaler mainly used in the treatment of asthma (i.e. Breathing Problem )
Indian Market as well as World Market too have facing Breathing Problem in Upper Level.
Reason to Choose:
#1. Width of Bolinger Band Narrowed to near yearly.
Thumb rule: History Repeats.
Stocks to watch:
CYIENT', MINDTREE', HCLTECH', TATAELXI', TCS', INTENTECH' ...... more
