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Niftyit

NASDAQ RSI DIVERGENCE, FIBONNACI!!Nasdaq has reached its crucial support. information is spreading about a recession in us markets, but technical like supports, rsi are saying to rise. although inflation is too high in us, and the markets too have corrected about 35% from its top, it do looks like, markets will not correct further more. same saying in the fibonnaci indicator. the index is lying in 0.618 zone. lets see if the stock do gives a gap down, and gives a breakdown, or rise. although last one statement, that NIFTY IT too have reached its last support and should not fall further(still it is been rising very slowly this days, but its in the same zone, unless us markets will stop falling). therefore i dont think much like there would be a further correction. ofcourse i could go wrong but lets further watch how markets do perform.
NASDAQ:NDXLong
by raghavchoudhary2016
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
Tech Mahindra LTD - Trendline + Descending Triangle Breakout📊 Script: TECHM (TECH MAHINDRA LIMITED) 📊 Nifty50 Stock: YES 📊 Sectoral Index: NIFTY IT / NIFTY 500 📊 Sector: Information Technology 📊 Industry: Computers - Software & Consulting Daily timeframe Trendline + Descending Triangle Breakout. Weekly timeframe Trendline + Descending Triangle Breakout. Key highlights: 💡⚡ 📈 Script is trading at middle band of Bollinger Bands (BB) and taking support of middle band which is SMA20. 📈 MACD is going to give crossover. 📈 Double Moving Averages crossover yet to come. 📈 Script is giving Trendline + Descending Triangle Breakout in both daily and weekly timeframe. 📈 Current RSI is around 56. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 1090 🟢 Target 🎯🏆 - 1185 ⚠️ Stoploss ☠️🚫 - 1061 ⚠️ 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:TECHMLong
by radha_23
3
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 (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