The stock is at a good support level and also near the trendline support, following from July 2021. As IT sector started booming again , as per my view, We may see this stock hit 6500 in near weeks.
IT sector view : looks bullish for next couple of weeks (Below in the Weekly chart of CNXIT)
The stock is a good pick for swing trade, has a good reward to risk ratio (~ 1.9)
Trade Details:
Entry: 5650 or below
Stop Loss : 5300
Target: 6300, 6500
Duration: 3-4 weeks
The stock has a earning release today, 17 Jan 2022 we may see a gap up in opening today.