CNIT nearing completion of correction - wave 3 about to start

Updated

CNIT nearing start of wave 3. If there is a bounce on the RSI and a breakaway from the wedge, we are good to go. Enter if it breaks the wedge upwards. It is testing critical point right now.

Note

CNIT broke below the wedge today. We wait for a confirmation tomorrow, if there isn't a bounce - This is falling to a 1:1 extension.

Note

Further downtrend expected for CNIT, a 1:1 correction could be very much possible. Target is 1.86 for the bounce.

manishchhetri

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