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Monthly Chart of Nifty IT

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Nifty IT Index (NSE:CNXIT)  
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NSE:CNXIT   Nifty IT Index
Parallel Channel Trend Lines CNXIT niftyit niftyitshort monthlychart
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parallelchannel trendline cnxit niftyit niftyitshort monthlychart
@jagrut

Monthly Chart of Nifty IT

The index is trading in the Channel Pattern since April-2019 to till date. Similar pattern was observed from March-2015 to Nov-2016.
Both the Channel pattern has been shown in the chart.
Then outlook for the index in coming year looks bearish.
On Monthly chart the index is trading in Channel as shown in the chart.

For education purpose
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