Cup & Handle Pattern IT SectorDaily Gap in the chart
Breakout Retest done
Accenture Result over Worst is over in this quater
For 12Months is Good Level for investment through ITBEES or Tata digital Mutual fund
Cnxitbuy
CNXIT : Good time to invest in IT ETF?CNXIT again trading near Weekly support, this could be good time to start adding IT ETF in portfolio for long term. if it goes down more, there is another strong support to add more.
This my personal study & for educational purpose only. I may be 100% wrong.
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
I may be 100% wrong as its my personal trade.
First Learn and then remove "L"
Nifty IT may take support at this levelCNXIT is traveling in a channel and it got a rejection from the top of the channel we have a demand zone for CNXIT from 34453 to 33500
We are going to be bullish in CNXIT until a daily candle closes below 33500.
So we can plan swing trading in this sector and we can take long positions if get any long setup in the stocks which come under this sector but we have to wait until it enter into DemandZone.
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