IT bees ABC wave- a long bearish candle is formed in weekly chart last week, which may be the indication for corrective wave formation, as it is no correction happen even the market correction is going on.
This analysis is my own idea.
I don't recommend taking trade based on this idea.
consult your SEBI registered
Key stats
About NIP IND ETF IT
Home page
Inception date
Jun 26, 2020
Structure
Open-Ended Fund
Replication method
Physical
Primary advisor
Nippon Life India Asset Management Ltd. (Invt Mgmt)
ISIN
INF204KB15V2
The Scheme employs a passive investment approach designed to track the performance of Nifty IT TRI. The Scheme seeks to achieve this goal by investing in securities onstituting the Nifty IT Index in same proportion as in the Index.
Classification
What's in the fund
Exposure type
Technology Services
Stock breakdown by region
Top 10 holdings
IT Bees looks good for a positional medium-term play.#tradeideas #ITbees.
Looks good for a positional medium-term play.
-Nifty IT along with BN is supporting Nifty.
-IT sector shows resilience in this market fall.
- Positivity in US market (NASDAQ)
- Easy to get in and out. Good liquidity.
What could go wrong?
- Overall bearish sentiments in our
ITBEES - INVERTED HEAD & SHOULDERThe ITBEES ETF is forming a Inverted Head & Shoulders pattern on the weekly chart and is currently developing the second shoulder. Given the potential in the Indian IT sector, there is a strong likelihood that ITBEES will move upward. After breaking the neckline, a retest is expected, followed by po
IT BEES_Long_SIP_Support&ResistanceNippon India ETF Nifty IT
Tracking Error: 0.04%
Expense Ratio: 0.22%
Apart from Banking and Finance in NSE/BSE, IT index playing a major role for a decade. Its really worthy to allocate atleast 10% of our portfolio comprised of Sector indices whenever one reaches / close to major support levels.
ITBEES : Initiated a position for about 2.5% of the net capitalOpting to enter during price consolidation, I initiated a position constituting roughly 2.5% of my net capital.
My target is the all-time high, aiming for a profit of about 12% on the invested capital.
Given that this is an index ETF, I'm willing to exceed the maximum limit of 2.5% in a single s
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.