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NIP IND ETF IT

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ITBEES trade ideas

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 market. If NIFTY were to fall further, IT would follow suit. - Dependent on NASDAQ move, so pay close attention to US markets. Overall this is a low-risk setup. Risk is only 6.5-7%. Build positions sensibly. Risk management is key. Do not put all your money at once. And respect the SL. Building this position early because if we were to get a reversal soon then the rewards will be good. If the reversal is not sustained then our risk is still less. This is just a view and chart shared for educational purposes only.
NSE:ITBEESLong
by sagartharayil
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 positive performance. ITBEES ETF is closely linked to the Nifty IT Index, which is also displaying a Inverted Head & Shoulders pattern on the weekly chart. I'll share the details of the IT Index chart separately. Takeaway Points: Identify patterns in the chart. Always determine the correct support and resistance levels. Decide your entry, exit, and stop loss (SL) before entering a trade. Consider making a 50-50% entry when a retest is expected. *For learning and educational purposes only, not an advice.
NSE:ITBEES
by SatpalS
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. Instead of buying IT stocks (costliest), slowly convert into IT Bees (SIP) will impact a lot in near future, you will realize once you accumulate at support levels and hold for an year. Since you will be on good profits, stop buying IT stocks separately, Once your average bought price of IT bees are in good profit, slowly you may trade in IT bees everyday for additional gain. Note: Entry at rock bottom, accumulate, hold and sell at resistance atleast for 4 to 5 years as a mandate with routine SIP. Whenever, you observe a historic/periodical (weekly/monthly) dips. , invest as lumpsum based on your potential/capability.
NSE:ITBEESLong
by Rajesh_roots_108
1
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 scrip. Therefore, I'll consider adding to the position as the price touches the lower trendline of the parallel channel, which will naturally lower the average holding price of the scrip. 📢📢📢 If my perspective changes or if I gather additional fundamental data that influences my views, I will provide updates accordingly. Thank you for following along with this journey, and I remain committed to sharing insights and updates as my trading strategy evolves. As always, please feel free to reach out with any questions or comments. Other posts related to this particular position and scrip, if any, will be attached underneath. Do check those out too. Disclaimer: The analysis shared here is for informational purposes only and should not be considered as financial advice. Trading in all markets carries inherent risks, and past performance is not indicative of future results. It's essential to conduct your own research and assess your risk tolerance before making any investment decisions. The views expressed in this analysis are solely mine. It's important to note that I am not a SEBI registered analyst, so the analysis provided does not constitute formal investment advice under SEBI regulations.
NSE:ITBEESLong
by Sniper-Traders
2