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Nifty IT Index

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CNXIT trade ideas

NIFTY IT, TARGETS!!!the dark purple lines shows, if the markets go further down, then it will touch 24533 level, which basically will not happen, because markets are recovering now, and the down fall of it sector, was for a particularly us fed hikes , and now the news has been factored in the indices. coming next to the purple line(the dark orange line), markets will reach till that support only, if markets dont faces any crash or such. the third line(black line), shows a breakout line to reach the level of 34533. the indice will show its bull run and will give a breakout to black line. i have even shown the MA-50,100, for your analysis. very bullish for the IT SECTOR AND ITS ALL STOCKS.
NSE:CNXITLong
by raghavchoudhary2016
2
NIFTY IT - Just a viewKey highlights: 💡⚡ 📊 Currently NIFTYIT may take support of level 28663 which was previously working as resistance. 📊 If it is breaking support level one can go for SHORT into IT sector. 📊 Example : MPHASIS & COFORGE for SHORT. IF SUPPORT LEVEL IS BREAK THEN ONLY GO FOR SHORT TRADE. ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:CNXIT
by radha_23
1
Nifty IT to rise!!, bear runs waves gets overNifty IT- target 30500 cross. i have drawn the waves for the short term, it looks like nifty it has completely corrected, and now it has to start its run. it will go up, with a rally or with some corrections in between(idk), but i guess it has touched its bottom, and will now move upside. plus, have look on rsi indicator, and macd(strategy). they have started to show some divergence, so if by chance nifty it falls, it will not majorly affect much, and will continue its bull run.
NSE:CNXITLong
by raghavchoudhary2016
CNXIT - 240 MIN TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: its my view only and its for educational purpose only. only who has got knowledge in this strategy will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive moves). Just ride the bullish or bearish impulsive move. Learn & Know the Complete Market Cycle. buy low and sell high concept. buy at cheaper price and sell at expensive price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support....
NSE:CNXITShort
by Tradelikemee
CNXIT (Nifty IT) Long, INFY/ BSOFTBat Pattern: It starts with a bullish XA move. AB is then bearish . BC is bullish , and CD is bearish again. XA: This can be any price activity on the chart. There is no specific price movement in Bat chart formation. AB: The AB move should be between 38.2 to 50 % Fibonacci of XA. BC: The BC move should finish between 38.2% and 88.6% Fibonacci of AB. CD: Ideally point D should represent 127% to 161.8% Fibonacci extension of BC Leg. Look for entry at point D once you see the trend reversal. Profit Target: As mentioned in the chart. Stop Loss : should be just below X with a support channel. As you can see from the above chart the NIFTY IT ( CNXIT ) has completed the bat pattern and is moving up optimistically We should see the price touch target 1. Since it's on a corrective wave on Elliot's principle Target 1 is most likely to be completed. MACD has crossed the signal line on a weekly timeframe . INFY ( Infosys ) & BSOFT (BirlaSoft) are on the same trend line as the IT index. Disclaimer: “The above is an idea only and not any kind of any financial advice so please do your own DD (Due Diligence) before any kind of investment”. If you like my TA & ideas!! Want to keep yourself updated with current market action, then please follow my profile for more analysis.
NSE:CNXITLong
by Tron029
CNXIT (NIFTY IT) LongBat Pattern: It starts with a bullish XA move. AB is then bearish . BC is bullish , and CD is bearish again. XA: This can be any price activity on the chart. There is no specific price movement in Bat chart formation. AB: The AB move should be between 38.2 to 50 % Fibonacci of XA. BC: The BC move should finish between 38.2% and 88.6% Fibonacci of AB. CD: Ideally point D should represent 127% to 161.8% Fibonacci extension of BC Leg. Look for entry at point D once you see the trend reversal. Profit Target: As mentioned in the chart. Stop Loss : should be just below X with a support channel. As you can see from the above chart the NIFTY IT (CNXIT) has completed the bat pattern and is moving up optimistically We should see the price touch target 1. Since it's on a corrective wave on Elliot's principle Target 1 is most likely to be completed. MACD has crossed the signal line on a weekly timeframe. INFY(Infosys) & BSOFT (BirlaSoft) are on the same trend line as the IT index. Disclaimer: “The above is an idea only and not any kind of any financial advice so please do your own DD (Due Diligence) before any kind of investment”. If you like my TA & ideas!! Want to keep yourself updated with current market action, then please follow my profile for more analysis.
NSE:CNXITLong
by Tron029