Nifty IT is near resistance zone if it breakout this zone it will give high momentum
NIFTY IT HAD GIVEN PENNANT BREAKOUT .KEEP AN RADAR LARGE CAP IT STOCKS
Pattern breakout & targets reached. should wait for the next pattern.
IT Index / Nifty Ratio chart has been looking to knock to break out an important resistance. Breaking free will have more legs to IT Index. DISC: Not a SEBI Registered. I post charts for my own study.
Looks like the smart Money has managed to trap IT bears. Possible upside can be witnessed in the IT stocks in the coming few trading sessions.
It seems NIFTY IT has completed consolidation and back to uptrend. Let's see how it goes..
On the verge of Blast.... Closed right on weekly trend line.. Watch out for many opportunities.... US Economy will do good this year... Apne IT Majors ki Chandi hi Chandi.....
Nifty IT is dipping down in support zone which I feel is an important support zone. Watch out if support holds. These are my personal views, not by any means trading idea or investment decision.
The analysis is done purely based on chart patterns and price action. The analysis is done on 15 min TF, but the target as shown in charts can take couple of days upto weeks. As can be seen from NITFY IT chart as well as from charts of stocks linked below, price went for retracement phase, made a low on 21st December 2020 and then gave breakout from trendline....
CNXIT: TOPPING OUT? I expect CNXIT to start Wave IV correction soon.
Nifty it index given upside break out after a correction. Many stocks like Tcs, Mindtree, Infy, Techm and other stocks also given break out or ready to break out. Buy on dip simple.
i dont want say anything you just know about it how market enter and exit
Remains buy on euphoria, regret in leisure. While bears have not had any better day, bulls are not happy either save certain individual gems. Technically 21700 is the support that should ideally be attacked and taken. So sell here stop 22150 for break of 21900 taking it to 21700. Break 21700 invites deeper correction.
Despite the triangular break out the upside thrust is not encouraging. Support around 21600 is vital and crucial for bulls to survive while bears looking threatened above 22000. Suggest to sell rallies or the break with 1% stop for 2% gain.