NIFTY IT short Short the Nifty IT looking weak , may test 9890 in coming days . Shortby EquityDynamo0
Nifty IT underperformer till now..Nifty IT is the only index that has not started any strong up move till now. A move above the 0-B trendline could kick off it's uptrend following which some IT stocks (like HCL) can be bought too. A strong up move should start soon as we're already near 76% retracement. Otherwise it could make a new low negating this setup.Longby tushargupta19912
Bullish on CNX ITCNX IT possible count. If this count is correct, an impulsive move to the upside should start. Longby tushargupta19912
CNX IT DAILY CHART , BULLISH BAT PATTERNWEEKLY CHART :- TAKING SUPPORT OF 50 DAYS M/A. AS PER DAILY CHART CNX IT IS TAKING SUPPORT OF 300 DAYS MOVING AVERAGE. ALSO AT THIS POINT SOME CONSOLIDATION IS TAKING PLACE AS PER DAILY CHART. PRZ - 10943 - 11051. U CAN SEE THAT BULL ARE LIKELY TO TAKE PRICES HIGH AT THE CLOSING OF THE DAY. WHICH MAKE THE FORMATION OF HAMMER TYPE. U CAN ALSO SEE LAST 4 CANDLE , 3 ARE HAMMER TYPE FORMATION. WHICH MEANS THIS ZONE IS VERY CRUCIAL. PLEASE WAIT FOR THE BULLISH PATTERN FORMATION TO GO LONG. EX:- BULLISH ENGULFING. WHICH INDICATE, THAT DECISION AS BEEN MADE IN MARKET. GREEN LRC.OR HAMMER. Longby SantoshSen1