India: IT Consultancy Industry chart Short

NSE:TCS*0.00296217305014959+NSE:INFY*0.0071921749136939+NSE:HCLTECH*0.00857853650167281+NSE:WIPRO*0.0244110826315147+NSE:LTIM*0.00198393016565817+NSE:TECHM*0.00827027250547906+NSE:TATAELXSI*0.00141813798482592+NSE:LTTS*0.00234926526728766+NSE:PERSISTENT*0.00208604954367666+NSE:MPHASIS*0.004405286343612341D

TCS*0.00296217305014959+INFY*0.0071921749136939+HCLTECH*0.00857853650167281+WIPRO*0.0244110826315147+LTIM*0.00198393016565817+TECHM*0.00827027250547906+TATAELXSI*0.00141813798482592+LTTS*0.00234926526728766+PERSISTENT*0.00208604954367666+MPHASIS*0.00440528634361234NSE

Description

⋅ Mar 27, 2024 4:28 AM

The trend was broken on 2nd March. I'm bearish on the IT Consultancy Industry going forward.

Note:
This is a custom index formed by equally weighing Large Cap IT consultancy stocks.
Relative Momentum (w.r.t. Nifty) indicator has been applied on the same.
Stocks considered for the index:
TCS
INFY
HCLTECH
WIPRO
LTIM
TECHM
TATAELXSI
LTTS
PERSISTENT
MPHASIS