Nifty IT index ..bullish divergence..World IT index making higher high nd Indian it index making lower low ..now times over .. bullish scenario scene on hourly chart .. today it index closing might be a hammer .. big bull run ahead
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Nifty IT Index
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Nifty IT (CNX IT)The bull run in IT index starting from 1996 has ended with a blow off rally in Dec 2024. From the top 46090 levels we have seen a fall in 3 waves reaching 38% retracement in wave "w" , What will follow is bounce in wave "X".
Chart suggests:
A major secular advance likely peaked.
A large corrective
CNXIT: The AI Panic is a Gift. Secular Bull Retest - 60K+ target🚀🚀🚀
The Big Picture: Zoom Out for Perspective
It’s easy to get caught up in the short-term noise, but looking at the Monthly (1M) chart, the Nifty IT Index is currently doing something very healthy: it is retesting a massive multi-year support block.
(We have to be aware it can fail and turn into
Nifty IT ready to drop down ?Nifty IT 31030 has resistane at 31664 where it is expected to give a turnaround and drop to 28688 based on pattern formation
Volume study suggests 49M buyers at current level.
A possibility to loss booking/panic selling is expected.
Nifty IT – Wave C Internal Structure & Global CorrelationThere is a strong possibility that the current decline is not just Wave C in progress, but we may already be entering the final leg — Wave 5 of C on lower timeframes.
The structure shows:
Accelerated downside momentum
Shallow pullbacks
Increasing impulsive behavior
This often happens in the term
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Nifty Short Medium Long Term 8-Apr-26 to 16-Apr-26After 2 Weeks of Middle East War and followed by ceasefire, market is up with record 850 Points(nifty 23950) and 2850 points in sensex ( > 3.7 % up) as on mid of the trade of 08-Apr-26.
Still Situation is not fully restored. Iran and Israel continue their war. It is only US Iran ceasefire of 2 wee
#CNXIT looks bullish, best time to accumulate at lowsThe #NIFTY IT index looks like it has bottomed out. If #NIFTY goes up from now, #CNXIT is going to lead the rally. Even if #NIFTY falls, #CNXIT going to lose less because it has already bottomed out. Good time to accumulation
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Nifty IT Index Projection## NIFTY IT Index – Components
The **NIFTY IT** is a sectoral index of the **National Stock Exchange of India** that tracks the performance of major **Information Technology companies** listed on the NSE.
It mainly represents companies involved in **IT services, software development, consulting, an
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Nifty IT Projection## NIFTY IT Index – Components
The **NIFTY IT** is a sectoral index of the **National Stock Exchange of India** that tracks the performance of major **Information Technology companies** listed on the NSE.
It mainly represents companies involved in **IT services, software development, consulting, an
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's value movements over previous years to identify recurring trends.
