8. Nifty IT -1.71% 3 Months - Upward Parallel Channel - already rejected from top few months ago and 2nd attempt to break ATH going on Weekly - Beautiful Inv. H&S Pattern - BO is also done - Facing Rejection from 3months Resistance line around 36220 levels and coming back to Retest BO zone Is anything wrong here ?
After a consolidation of 15 months. Nifty IT has given a breakout on weekly basis. 34200 can be next potential target.
shows strong chart,upside move will done in some days
IT stocks more or less have digested Q1 results...Commentory from most of the Large Cap and Midcap is not that great...But our chart is saying some different story... Will it follow our ARC, if so can retest ATH in Jan 2022 by end of December....Lets see... Mphasis LTTS LTIMindtree
The index we will study and try to analyse this week is IT Index. Having look at the chart we can understand that IT Index is trying to give a major trend line breakout. If the IT Index can give a closing above 33449 next week what looks probable is a decent come back in large cap IT stocks. The IT Index made a bottom near 26192 and has been consistently moving...
Nifty it current time price move zig zag correction zig correction wave A,b,C wave A internal 1,2,3,4 or 5 Wave B internal a,b or c wave C internal 1,2,3,4 or 5 Nifty it down side target 26000
moving average 100 4hrs timeframe Taking support,Rsi bullish
On Our Harmonic pattern indicator based trade setup take trade as explained below :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target , When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
IT Sector will bounce from here , nasdaq index already in green , and chart of it sector will defiantly bounce
This is CNX IT chart... This is weekly chart... We are in wave c of wave B... The destination is Red marked area... Once wave B is done.. We will resume wave C which would be downside.. Minimum destination would be Low is A Just a View!! Vedang Chart is for study purpose only!!
IT SECTOR on Raddar for next few days breakout done going to fill Unfiiling gap
After making a all time high in Jan 22, CNX IT was in down trend. Since May 22, the index is consolidating in parallel channel, hence ITBees were recommended for accumulation on 13 August. After multiple attempts, last week the index gave a successful closing above 31100 resistance. I was waiting for the confirmation candle which were given last week....
It sector is sideways from some weeks.And it sector give a upside move.