SantoshSen
Long

CNX IT DAILY CHART , BULLISH BAT PATTERN

NSE_EOD:CNXIT   NIFTY IT
32 0 1
WEEKLY CHART :- TAKING SUPPORT OF 50 DAYS M/A. AS PER DAILY CHART CNX             IT IS TAKING SUPPORT OF 300 DAYS MOVING AVERAGE. ALSO AT THIS POINT SOME CONSOLIDATION IS TAKING PLACE AS PER DAILY CHART . PRZ - 10943 - 11051. U CAN SEE THAT BULL ARE LIKELY TO TAKE PRICES HIGH AT THE CLOSING OF THE DAY. WHICH MAKE THE FORMATION OF HAMMER TYPE. U CAN ALSO SEE LAST 4 CANDLE , 3 ARE HAMMER TYPE FORMATION. WHICH MEANS THIS ZONE IS VERY CRUCIAL. PLEASE WAIT FOR THE BULLISH PATTERN FORMATION TO GO LONG. EX:- BULLISH ENGULFING . WHICH INDICATE, THAT DECISION AS BEEN MADE IN MARKET. GREEN LRC.OR HAMMER .
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