Chart of the week. CNX IT
IT index made all time high in Jan 22 @ 39000. After more than two and half year's consolidation it has successfully given a confirmed cup and handle breakout this week. I am recommending to long this index since long time. Henceforth Nifty IT will lead the market from front foot. One can buy IT bee's or can also make IT basket and make positions in big IT companies for good returns.
CMP - 40,800 (17/8/24)
T - 47500, 60700, 73800
CMP - 40,800 (17/8/24)
T - 47500, 60700, 73800
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.