Objectives - Investors should cautious on IT index 1. Big Time Frame range 26000 32000 2. Daily time frame 27700 To 31200 3. Reversals pole pattern 4. Below 26000 we can see more bearish zone 5. Invalid above 32000 [Rerax for IT index]
Above chart Valid for long term purposes- short term we can see up & down between 26000 to 31500.
View - Just for Educational awareness. do your own due diligence before taking any action.
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perfectly touch demand zone and small bounce. chances soon break demand zone than bigger waterfall.
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Perfectly touched demand zone so bounce and now Perfectly from supply zone to came down move.
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high 31650 to now low 29700... If Break support Zone 26000/27000 than big blood bath in IT sectors for long time.
Now on weekly support 25400 2600.. Below Closing 25400 Than Gone