CNX IT Chart resisting with 200 ema . Double bottom and divergence on chart. Once break on upside , will go more on upside. Longby Dameet1
NIFTY IT | Updated Price Action- Here is an update to the Nifty IT analysis we posted back in 2022. - The price action is pretty sluggish. Literally "Trading in the Zone" ( Get it? If not you need to read that book " Trading in the Zone by Douglas" It will teach you the psychology aspect of trading) - We will keep updating the price action as it unfolds. - In the meantime, look at how NDX has performed post our analysis. What are your thoughts? Feel free to comment. If it helped, Do Leave us a boost 🚀 Disclaimer: We are not registered advisors. The views expressed here are solely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. We like everybody else, have the right to be wrong :)by TheCharteredsUpdated 30
IT sector may fly soon ??Like always, the charts are self-explanatory :) If you like such snippets, Do give us a like and a follow :)Longby TheCharteredsUpdated 16
IT Sector: 30% rally possible?Looks like IT sector will move another 30% this year, let see what happensLongby udhaya0000Updated 22
Nifty IT - Khatam Tata Bye ByeHello All, The recommendations are purely for educational purpose only, consult you financial advisor before trading. Targets are mentioned in charts (either red lines or balck lines), keep Stop Loss as per your risk.. If you like my Idea, Don't forget to Boost and comment on my Analysis.. Have a profitable year ahead Gautam Khanna Technical Analyst by Passion :-)Shortby GautamKhannaUpdated 224
Cup & Handle Pattern IT SectorDaily Gap in the chart Breakout Retest done Accenture Result over Worst is over in this quater For 12Months is Good Level for investment through ITBEES or Tata digital Mutual fundby TRADENREPEAT0
NIFTY IT SECTORNifty IT !! - Near Resistance on Monthly Chart - in coming months, It may create CUP and HANDLE Pattern on chart before Breakoutby VolumeHunter0
It Index looks delicately poised. (Educational Post)For last few weeks we have been looking at indices. By the study of a particular index we then try to determine about investing in components of that index or the stocks that from that particular index. In the series we will today have a look at IT Index. IT Index is looking very interestingly poised currently. There is a Doji of indecision formed. As of now the bias of this Doji or shadow of the candle looks a little positive. If the index can give a closing above 37345, there is a chance that there can be an upside upto 37892, 38279 or even 38594. In case the levels of 36711 or 36098 are broken there could be drastic fall in the stocks which form this index as the potential fall can lead index to the levels of 35675, 35094 or 34287. Keeping this information in mind you can look at individual charts of stocks like TCS, Tech Mahindra, Wipro, LTTS, Persistent, Infosys, Coforge, Mphasis, HCL Tech, LTIM. For understanding which companies to invest in amongst the bunch of IT pack leaders you will have to study Technicals and Fundamentals of each of the company individually. Thus through various models you can try to determine tops of current rally or trend. You can reverse the process and try find of the probable bottom in case of downturn. Trend lines / Peaks / Valleys and Fibonacci levels will also give you probable supports and resistances in the path. You can become an expert by studying and drawing and reading charts every day. The more you practice the better accuracy you can achieve. Disclaimer: Investment in stocks and mutual funds is subject to market risks, please consult your investment advisor before taking financial decisions. The data provided above is for the purpose of analysis and is purely educational in nature. The names of the stocks or index levels of spot Nifty mentioned in the article are for the purpose of education and analysis only. Purpose of this article is educational. Please do not consider this as a recommendation of any sorts. by Happy_Candles_Investment4
Expecting correction in IT index and stocksThe IT index has completed its 5 waves as per elliot wave, hence, I am expecting some correction now that should ideally last around 4-5 weeks. Post-correction we should see another strong rally that takes us above the ATH of the Nifty IT index I may be wrong, please do your own researchLongby aryan_chandel_brine1
Nifty IT Complex Cup with HandleNifty IT had broken above the neckline of Complex Cup with Handle Pattern as can be seen in the chart. It is down with some bad news in the Global Markets and currently, offers a sure shot returns of 21% as per the technical target. This is the easiest money available in the Indian market right now as the companies included in the index are some of the largest and most trusted with excellent track record. As they say, investors must 'Feel Greedy when others are Fearful.' The worst is over for IT and this SAFE CONTRARIAN bet will surely make you feel proud of yourself when it achieves target. You can trade this index with ITBEES ETF available on NSE.Longby Gaurav_Singh_5705Updated 2
NIFTY IT INDEX BUYING THROUGH ETFETF CAN BE GUD BUY FOR LONG TERM PORTFOLIO. As it gave handsome returns in the past. Nity IT is available at value zone. i am for buy for long termLongby DEVA435Updated 114
Rounding bottom pattern almost complete in Nifty IT SectorNifty IT sector has almost completed the rounding bottom pattern. This consolidation phase was more than 2 years long. Thus, the probability of a sustainable breakout is high. I will look to go long in IT sector leaders via call options/ cash buys. What about you all? PS: Typical targets are the depth of the rounding bottom pattern which is 29%. This can be achieved by the end of the year.Longby Mayank-Pandey4
Nifty IT index ResistanceMajor Resistance @ 34300 - 33300 keep track Nifty IT ETF will move if resistance crossby ManojTembulkarUpdated 5
I'm open for your opinion. Is this a bearish flag?I'm open for your opinion. Is this a bearish flag?by sashi98206721
Endurance Tech - Amazing 2 Cups of Morning Hot CoffeeYesterday after market close - we published chart of Nifty IT stating the IT Sector would snap the 5 day Fall and would bounce back today Reasons for IT bounce: Double Top neckline Support (not broken) 2 support lines from the Gap Up candle (one support at top of Gap and one at bottom) Good rejection seen from DT neckline + both ends of Gap - and price closed just above the Support lines Overall Indian markets turned bullish across all sectors despite weak Global cues from US, Europe & Asia Today - as predicted, NIFTY IT index rose 1.35% in the morning taking all IT stocks sky high Endurance Tech: Double Cup & Handle Pattern (one on Weekly & one on Monthly) gave me the Morning Boost of Caffeine already :) Monthly: Large Cup & Handle (Slanting) with BO above 2350 and Target 3800 Weekly: Inside the larger Handle - on weekly scale another Cup & Handle was formed and BO already done 2 weeks ago with target of 2450. Today's rejection is from the Larger C&H Trendline - which is also expected. One Cup of Coffee done - another one pending :) Keep holding your winners. Remember - we (Stocks-n-Trends) are NOT SEBI registered entity and our focus is not to provide calls. We rather Teach you how to use Technical Analysis to make money yourselves. Learn to Ride the Tide whatever be its Side :) - Team Stocks-n-TrendsLongby Stocks-n-Trends3
IT INDEX coming out of falling trendline....IT Index is breaking out from falling channel on monthly as well as on weekly basis. Many IT stocks looking good. But best way to take advantage is by investing in ETF of IT Index which is ITBEES cmp 30.90, Index is around 29600 can achive target of 33000/35000/41000Longby shahb4131Updated 8
Decoding the Mystery Behind Dec 20 Fall - The SummaryThere are few more sectors - but I think the above 8 analysis would have given you clarity of what's going on When ALL Sectors face their individual Resistances together and everything starts to fall - it Attracts People's attention and Triggers PANIC causing much bigger Fall. This is Technical Analysis - Undisputable - No Stories - No Assumptions - No Covid - No Santa. If you learn it - you can predict it and save your money. Don't sell your positions now as it has already gone down badly. But next time, when all sectors "Kiss their Resistances and your stocks are at Peak - Book Profits and Wait" If you Truly want to Beat the Market - Master the Analysis first Hope you all like my Analysis and its clear and understandable to all. The cumulative action of Resistances across sectors caused Retailers to see a mass Red activity across the board and triggered PANIC Selling FIIs and DIIs cashed in the opportunity like a Christmas cake 🍰🍰🍰 We were just manipulated. The market will rise soon and whoever sold off the positions would learn the trick Please do Share your Valuable Feedback / Comments (even if you don't agree - let me learn something from you) 🙏🙏🙏by Stocks-n-Trends2
Decoding the Mystery Behind Dec 20 Fall - Part 88. 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 ?by Stocks-n-Trends0
Nifty IT breakoutAfter a consolidation of 15 months. Nifty IT has given a breakout on weekly basis. 34200 can be next potential target. Longby harmeshmaldeUpdated 111
nifty IT move upsideshows strong chart,upside move will done in some daysLongby PRASHANTWADEKARUpdated 114
CNX IT - READY FOR EXPLOSIVE MOVE ?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 Longby HarnishBHUpdated 8
Index Study of the week - IT IndexThe 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 positively since April 23. It got a much needed correction between September 23 and October 23 but is again trying to move positively after having take support of 50 Weeks EMA during end of October 23. The range between 33449 and 34298 will prove to be a major hurdle but once we get a closing above both levels IT index can see a major move in the next few months leading to General election in April/May 24. The up move can be around 10 to 20% in the next 6 months to 1 year. Somewhere in the range we might also see a support retest / consolidation / reversal but overall correction phase in It index seems to be over for now. In order to capitalize on the future probable move in the IT Index One can have a look at the companies which constitute this index. Some of which are: Infosys, TCS, HCL Tech, Tech Mahindra, Wipro, LTIM, Mphasis, Oracle and Coforge. Amongst these companies you can select the companies that gave great result and are looking good in Techno-Funda Evaluation. To learn more about Techno-Funda evaluation of the company you can contact me and follow our content on our other Social Media Accounts/Tradingview. Longby Happy_Candles_Investment3
NIFTY ITIt seems at inflection point. It is at breakout point and further it has done 61.8% retracement of total rise from bottom of 2018 in ratio chart. If it is held well then some good rally is expected in this counter.Longby YS90