Nifty IT, looks like it has completed wave 3rd of bigger degree wave 5th, now it could started steps towards wave 4 as corrective,
as per sector views it stocks could show little bearishness as per index predictions.
Wave structure
Macd in daily time frame Negative crossover
Rsi downtick in daily time frame
trendline breakdown in hourly time frame
adx dmi conversion towards negative in daily time frame
adx dmi negative in hourly time frame
rsi down tick in hourly time frame
macd in hourly negative along with down tick and now below zero line
Disclaimer
I am not sebi registered analyst.
My studies are for educational purpose only.
Consult your financial advisor before trading or investing.
as per sector views it stocks could show little bearishness as per index predictions.
Wave structure
Macd in daily time frame Negative crossover
Rsi downtick in daily time frame
trendline breakdown in hourly time frame
adx dmi conversion towards negative in daily time frame
adx dmi negative in hourly time frame
rsi down tick in hourly time frame
macd in hourly negative along with down tick and now below zero line
Disclaimer
I am not sebi registered analyst.
My studies are for educational purpose only.
Consult your financial advisor before trading or investing.
YouTube: youtube.com/@rk_charts
Telegram : t.me/RK_Charts
Twitter : @charts_rk
Email : rkcharts@gmail. com
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Telegram : t.me/RK_Charts
Twitter : @charts_rk
Email : rkcharts@gmail. com
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
YouTube: youtube.com/@rk_charts
Telegram : t.me/RK_Charts
Twitter : @charts_rk
Email : rkcharts@gmail. com
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Telegram : t.me/RK_Charts
Twitter : @charts_rk
Email : rkcharts@gmail. com
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.