Updating the old published idea, As already mentioned there that the wave-B of the pattern is forming a expanding triangle, which is about to finished and it is ready for the wave-C of the larger pattern.
Important fib in it and Important reversal at 18043 in nifty ,bank also looking bullish
NIFTY IT is about to finish its B lag, which will confirm about flat or zigzag pattern, once it confirm b lag end it will go for the lag c in down side. Minimum downside will be 34500.
long this gem right now , super return in short term
Nifty IT has just given a negative breakout and now creating a channel pattern this week sideways movement is expected as it has corrected itself and will be giving an opportunity soon
The reversal point is close. A higher USD is the perfect catalyst for this reversal. A healthy correction has brought prices back to demand levels.MidCap IT should give a quicker buck than the heavyweights.
Nifty IT with two working days to complete for the quarter and month, most likely to print toppish signal for the near term. On the daily we have pierced minor trend, which should ideally target the six month trend line around the 34600. Dollar sharper rise overseas, is not compensated by the rupee decline hence any incremental rupee fall is not an helping...
Nifty IT iNdex may Test levels 34500 and one more month Correction...
Says NIFTY IT STOCKS. Nifty IT is trading @ 34309.So close the trade and exit .No matter you are in profit or loss. Go short on NIFTY IT STOCKS Check out the RSI Value it is @ 84 .Rsi value is above 80 in higher time frames also.Now we will focus nifty realty sector.
Rsi above 90 , overbought zone .have to be little cautious on heavyweights
Bullish Cypher in CNX IT (SL on 5 min. candle close) PRZ for Buy 28698.50 SL 28382 Target : 29168, 29800 CMP 29894.30 @ July 23, 2021 Chart by Sandeep Rehlan
guys be careful in IT stocks,they are approching a major top within 1-2 month. 20-30% correction will come.the ongoing rally is the final fifth wave rally
Nifty IT Index given a very good run up in recently however, when we see the weekly index the RSI levels is showing signs of Divergence, If it holds it gains or we see a reversal that time will tell. The Monday move will provide the confirmation regarding this breakout, so be watch full... Note: for Education purpose only
NIFTY IT C OF B AND LATER WAVE C..EXPECTED.
I'm learning stock market.
Constitution of NIFTY IT LIKE TCS HCL AND MANY MORE EXCEPT Infosys have some pending Timewise Correction...and also NIFTY IT Trading Near All time and Strong resistance... So may be NIFTY IT WONT ABLE TO CROSS CURRENT RESISTANCE... AND CREATE TRIPLE TOP...