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Niftyit

Nifty IT may take support at this levelCNXIT is traveling in a channel and it got a rejection from the top of the channel we have a demand zone for CNXIT from 34453 to 33500 We are going to be bullish in CNXIT until a daily candle closes below 33500. So we can plan swing trading in this sector and we can take long positions if get any long setup in the stocks which come under this sector but we have to wait until it enter into DemandZone. What we believe in:- °Trade With Logic °Take Time Before Investment Saving Your Capital 🙂 I'm not responsible for your profit or loss. Mainly Stock & Crypto Investor 🕵️ | The Indus Trader 📊 DISCLAIMER:- This Channel Is For ( EDUCATIONAL PURPOSE )
NSE:CNXITLong
by The_Indus_Trader
IT SECTOR : Still in uptrendIT Sector weekly chart shows uptrend is still intact. Index trading above 30 WEMA which suggests it is in Stage2- Uptrend. Relative Strength is positive as against the Nifty 50 Index. Larger stocks within the index have seen decent correction & seems to be forming bases for next leg of move. Will be considered weak if it breaks down below 30 WEMA. Would start next leg of upmove on breakout of the current trading (box) range marked. Only for educational purposes, not a buy/sell recommendation.
NSE:CNXIT
by Saninvestor
NIFTY IT Sector to be watchout !!🛑NIFTY IT Sector breakdown and closed below 34600 zone which is psychological support zone and by now, ◽ if it traded n closed above 34600-34700 zone then BUY on dip will work very well in IT stocks where every major IT stocks falled about 10-20% from their highs ◽ with market perspective 34000 will be very crucial support level to hold IT stocks ( and for NIFTY 17600 ) if breakdown this level then market will get major correction for sure 🛑IT sector to be watchout for up coming couple of weeks
NSE:CNXIT
by agasthya_d