CNX NIFTY ITThe reversal point is close. A higher USD is the perfect catalyst for this reversal.
A healthy correction has brought prices back to demand levels.MidCap IT should give a quicker buck
than the heavyweights.
CNXIT trade ideas
NIFTYIT - SOFTER TONENifty IT with two working days to complete for the quarter and month, most likely to print toppish signal for the near term. On the daily we have pierced minor trend, which should ideally target the six month trend line around the 34600. Dollar sharper rise overseas, is not compensated by the rupee decline hence any incremental rupee fall is not an helping factor. Selling any rise towards 35600 stops 35900 for move 34700 (not one day expectation). Intra-day sell with stops 35600 for 35100.
Now I will Fall.Says
NIFTY IT STOCKS.
Nifty IT is trading @ 34309.So close the trade and exit .No matter you are in profit or loss.
Go short on NIFTY IT STOCKS
Check out the RSI Value it is @ 84 .Rsi value is above 80 in higher time frames also.Now we will focus nifty realty sector.
Bullish Cypher in CNX IT Bullish Cypher in CNX IT (SL on 5 min. candle close)
PRZ for Buy 28698.50
SL 28382
Target : 29168, 29800
CMP 29894.30 @ July 23, 2021
Chart by Sandeep Rehlan
Nifty IT wave analysisguys be careful in IT stocks,they are approching a major top within 1-2 month. 20-30% correction will come.the ongoing rally is the final fifth wave rally
Nifty IT Index :: Breakout or Fakeout Nifty IT Index given a very good run up in recently however, when we see the weekly index the RSI levels is showing signs of Divergence, If it holds it gains or we see a reversal that time will tell.
The Monday move will provide the confirmation regarding this breakout, so be watch full...
Note: for Education purpose only
NIFTY IT : Suspense wali movementConstitution of NIFTY IT LIKE TCS HCL AND MANY MORE EXCEPT Infosys have some pending Timewise Correction...and also NIFTY IT Trading Near All time and Strong resistance...
So may be NIFTY IT WONT ABLE TO CROSS CURRENT RESISTANCE... AND CREATE TRIPLE TOP...
Nifty IT travel predictionNifty IT is near resistance zone if it breakout this zone it will give high momentum
CNX IT Index - Knocking to break outIT Index / Nifty Ratio chart has been looking to knock to break out an important resistance. Breaking free will have more legs to IT Index.
DISC: Not a SEBI Registered. I post charts for my own study.
Nifty IT. Bullish Structure.Looks like the smart Money has managed to trap IT bears. Possible upside can be witnessed in the IT stocks in the coming few trading sessions.
Back to uptrend ?It seems NIFTY IT has completed consolidation and back to uptrend. Let's see how it goes..
Nifty It Index will it blast ???On the verge of Blast....
Closed right on weekly trend line..
Watch out for many opportunities....
US Economy will do good this year...
Apne IT Majors ki Chandi hi Chandi.....
Nifty IT ViewsNifty IT is dipping down in support zone which I feel is an important support zone. Watch out if support holds.
These are my personal views, not by any means trading idea or investment decision.
