NIFTY ITIt is bouncing from the support zone in ratio chart. It implies that it will outperform the NIFTY in near term. Further to that, some rating agency has downgrade the India IT, it is sign that near term bottom is done in IT. Keep SL of the support zone. Here none is right all the time. Longby YS92
NIFTY IT SECTOR - CHART ANALYSISAnalysis Criteria Used: 1. Please find the Chart Analysis done for the NIFTY SECTORS for the upcoming week and the following days 2. The analysis for the Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups Focus On: 1. Always keeping your Risk Management in play 2. Using a Stop Loss; because it is your Best Friend 3. Always Plan your Trade and stick to your Plan 4. Dont overthink or overanalyse 5. Treat this as your Business and get serious about it #sharemarket #stockmarket #nifty #sensex #investing #trading #nse #bse #stockmarketindia #stocks #indianstockmarket #investment #stockmarketnews #banknifty #finance #money #intraday #intradaytrading #investor #niftyfifty #dalalstreet #sharemarketindia #sharemarketnews #stockmarketinvesting #business #sharemarkettips #stock #india #indiansharemarket #rakeshjhunjhunwala #bhfyp #mumbai #share #wealth #investment #market #invest #trading #investing #finance #FinancialFreedom #investor #trader #stocks #profit #investors #economy #equity #shares #nifty #stockexchange DISCLAIMER: . * Please do your own research and/or contact your financial advisor before taking any trading opportunities ** We will not be responsible for your profit or loss *** We are NOT SEBI REGISTERED ______________________ best stocks to buy today best stocks to buy now best stocks to buy best stocks for Intraday tomorrow best stocks for long term investment best stocks to buy today india best stocks for swing trading swing trading strategies swing trading beginners what is swing trading swing trading stocks swing trading stock selection swing trading kya hai nifty analysis nifty view bank nifty analysis top stocks to buy now strong stocks nifty view nifty prediction stock market view tomorrow bank nifty Levels bank nifty prediction share news stock market news best stocks to buy now profit booking stocks multibagger stocks in discount breakout stocks best short term stocks best short term shares next multibagger stocksby TradeRyteStockz5
NIFTY IT : Bullish Hidden Divergence. NIFTY IT : Bullish Hidden Divergence. Bullish Hidden divergence formed in NIFTY IT indicating trend Continuation. If it close below marked point "A", this will get invalidated. Note : it's just my Analysis not any Buy or Sell recommendation.Longby nitinvnk4012
IT index can move up 10% in coming 20-30 daysIT Index is in Uptrend after recent correction. Can move up 10% in next 20-30 days.Longby JITU_210224
IT index - Head & SHouldersLot of IT stocks showing negative bais on charts. clearly seen in IT index !! Sell IT Stocks and stay away !!Shortby Nimble_PesosUpdated 3
Bearish Flag - CNX IT - IT IndexBearish weekly flag ... for 10K points. This is medium term super pain. have shared targets from where it can reverse. if breaks those points then more downfall till final target of 16KShortby Nimble_PesosUpdated 3
Nifty ITAfter 12 June 2023 , there may be chance of pure bullish / bearish trend for Nifty ITby jnshah11113
Nifty IT breakout above 29400 Nifty IT cmp 29355 breakout above 29400 sustaining Target 30800/31300++++ Stocks to Keep On Radar Coforge Infosys Persistent Wipro HCL Tech Tech Mahindra LTTS LTI Longby momentotrades3
Nifty IT analysis 2023.05.21- NSE:CNXIT currently into wave B - Target for wave B is 31253/32818 - SL: daily close below 26200Longby MalayKJUpdated 2
Ratio Charts - NiftyIT vs Nifty500What is a ratio Chart: Ratio charts play a significant role in technical analysis, offering valuable insights to traders and investors. These charts display the relative performance between two assets or indices by comparing their price movements. By dividing the price of one security by another, ratio charts provide a visual representation of their relationship and help identify trends, patterns, and divergences. This analysis is particularly useful for comparing stocks within the same sector, evaluating the strength of one asset against another, or assessing market breadth. Ratio charts allow for a deeper understanding of market dynamics, aiding in the formulation of informed investment decisions and the identification of potential trading opportunities. Importance of Ratio Chart Analysis: Firstly, they help identify relative strength and weakness between assets or indices. By comparing the performance of two securities, traders can assess which one is outperforming or underperforming the other. This analysis is valuable for making informed investment decisions and allocating resources effectively. Secondly, ratio charts provide insights into market trends and patterns. They can reveal correlations and divergences between assets, which can indicate potential trading opportunities. Traders can identify trends and reversals, spot support and resistance levels, and analyze chart patterns more effectively by using ratio charts. Furthermore, ratio charts assist in analyzing market breadth. By comparing the performance of multiple stocks or indices within a sector or market, traders can gauge the overall strength or weakness of that particular market segment. This information is crucial for understanding market dynamics and making sector-specific investment decisions. Overall, ratio charts are a powerful tool in technical analysis, offering a visual representation of relative performance and aiding traders in identifying trends, patterns, and opportunities for profitable trading strategies.Educationby vnagaraj08033
CNXIT lost strength long time agoNifty made a comeback but IT did not supported it. IT is showing lot of weakness, it has way to go down. looking on DMI it is very weak.by dinus1
NIFTY IT has built a weak patternNIFTY IT - be very very very cautions on positions. this index setup is looking really dangerous. Longs are advised only above 29400. If this scenarios gets played out, there other possibility is that it keeps consolidating for 2-3 years between 29400 and 27600 band. That will cause opportunity cost. Use discretion!! Shortby TradeStrikes1
NIFTY IT analysis for coming daysNIFTY IT index is currently in a sideways territory , there is high possibility that the levels of 32k to 33k will act as a decider point for trend in coming days , anything sustaining above 32-33k levels will lead to a bullish rally towards all time highs , if index rejects and sees selling pressure from 32k-33k levels , there can be another big correction coming in the index in coming days with possibility of index also going below 25k levels . Currently it is at wait and watch zone (BIAS IS NEGATIVE)Shortby sniper1290Updated 220
Nifty IT at good value and technicalsNSE:CNXIT Its good time to invest or take positional trade in Nifty It Use Nifty IT bees or ICICITECH or any Tech mutual fundsLongby AbhishekkumarkamatUpdated 1
Nifty IT Index Nifty IT Index as seen on the chart is at important resistance. The Primary Trend of this Index is Down and now after a good pullback this stock seems to be at an important resistance. Around current level we have multiple resistance in form of resistance line, retracement, channel line and retracement of higher degree. The Rsi at 50 has historically been a crucial area of support and resistance. With all the above observations we can understand the IT Index is at an important resistance level and we will wait for more conclusion for being negative on this Index. Currently being cautious is what we recommend at current level and those who are long on this index must keep tighter stoploss and ride their position. Analyst Abhay Bhatiaby adbinvestment4
Next support for IT sector 24000looks like IT index will take support near 24000 levelLongby udhaya0000Updated 2
Nifty IT - Accumlation zone#NIFTYIT can form tripple bottom..markets are forward lookingLongby vikasbahety0
Nifty IT... TV 1234....... I hope your Tensions are over soon..A very pleasing chart to my eye................... I am highly highly BULLISH on this SPACE...... Forget a few more dips and Move ONLongby deepgups111
Nifty it nifty it sector complete price vise correction and down side complete 5 wave and start upside Longby HARISHRAO992
NIFTY IT at SupportsNIFTY IT Index at Horizontal supports along with RSI Divergence, Possible upside till 32000.Longby akshashish010
Presuming Bearish Move In IT IndexThis is not a perfect analysis for "Harmonics" because harmonics activates only when level "B" breaks, and bullish harmonics usually use to buy only but here m presuming the bearish move. So my view may be wrong but by looking at the all red day candles i'm assuming the bearish move. Shortby VisibleBeer7Updated 1