Nifty IT was on a rally for one week I think it's time for a pullback or a time correction and then up move
(just an educational video only) What do you think about this analysis?
When you look at the RSI of NIFTY IT, it is in a kind of bearish-consolidation mode
Exit when you see a gap down*
Trade at your own risk this is just an analysis*
HOLDING PERIOD - 3-4 WEEKS
SL - 33984.60
TARGET - 36691.05..
Go long
Target 1) 947.10
Target 2) 968.28
Target 3) 978.78
When you see Cipla in 5year time frame you can see something interesting, Pharma and chemical stocks are in a bearish mood and they have fallen from their 52 week high dramatically, When you see Cipla in 5year time frame you can notice that its on the support level.
