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
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.
Nifty It fresh break Niftyit given fresh flag out
Looking for strong upside
#cnxit #hcltech #wipro #tcs #infosys
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.
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
WIPRO
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 -1 419
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 now
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 bee
IT Sector: 30% rally possible?Looks like IT sector will move another 30% this year, let see what happens
IT sector may fly soon ??Like always, the charts are self-explanatory :)
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Displays a symbol's price movements over previous years to identify recurring trends.
