CNXT IT - MAY CORRECT 10-12% CNXIT- I am expecting 10-12% correction in IT Index. We may see retest of BO level 39450 (also there is good DEMAND ZONE) which will be good for long entry in good IT stocks. As of now, I am tracking BSOFT & MPHASIS for long entry at mentioned level. Shortby pkj123111
Indian IT Industry GPSIndian IT is currently doing Wave 2 in the form of running correction in pattern 3-3-5. In which it is in last leg of completion of this Wave 2 correction. Post correction it may see a very sharp rise in the form of Primary Wave 3.Longby cmayank0
IT IndexDue to AI , i personaly feels that IT index will fall and same time Tump trafic issues will effect IT index in India // Its only for knowledge sharing Shortby sankartvl0
Nifty IT ViewsThe Nifty IT index was side-ways for whole Sep to Oct 24, except during last 3 trading sessions, it has managed to place it self in the different trading range as shown in the chart drawing. So, I though it will be worth revealing this chart.by AMGO_Markets4
Nifty It fresh break Niftyit given fresh flag out Looking for strong upside #cnxit #hcltech #wipro #tcs #infosys Longby jaypee4all3
Banknifty October 1st Week Analysis Banknifty looks Indecisive this week.We can expect small retracement in the upcoming week upto levels of 52800. But if it crosses 54300 on the upside then bearish view will negated and we can expect good momentum upto 55000+. Overall any retracement will be a buying opportunity.by IshanMathur052
IT sector analysisIT sector is at critical levels made strong bottom and following trendline as well and we can see MACD crossover too and RSI is above 40 means bullish if it sustains we can see nifty at 26500 can go long on good IT stocks as well like TCS INFOSYS PERSISTENT BSOFT WIPROLongby iashishcomputing1
NIFTY IT LONGNifty IT MTF Analysis Nifty IT Yearly Demand Breakout 36132 Nifty IT 6 Month Demand DMIP 31587 Nifty IT 6 Month Demand BUFL WIP 38559 Nifty IT Qtrly Demand BUFL WIP 38559 Nifty IT Monthly Demand Breakout 38559 Nifty IT Weekly Demand BUFL 41834 Nifty IT Daily Demand BUFL 41936 ENTRY -1 419Longby pradyammm2
Nifty IT Complex Cup with HandleNifty IT had broken above the neckline of Complex Cup with Handle Pattern as can be seen in the chart. It is down with some bad news in the Global Markets and currently, offers a sure shot returns of 21% as per the technical target. This is the easiest money available in the Indian market right nowLongby Gaurav_Singh_5705Updated 5
Chart of the week. CNX ITIT 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 beeLongby AbNamjoshi0