NIFTY IT SECTOR CNXIT WAVE STRUCTURE

This sector has completed corrective waves as wave A-B-C and now possibly wave X has been started as a retracement, Once it closes above 20DMA (middle Bollinger band on daily chart), then it can show good strength and go towards north directions, up to 38.2% of whole recent fall as wave A-B-C. Some price actions and some indicators are suggesting reversals after bearish fall, which are mentioned below.

Hammer Sentiments, on merging last two candles on weekly chart
anlık görüntü

price action is bullish piercing candle on weekly
anlık görüntü

macd positive crossover on daily chart
anlık görüntü

Stochastic positive on daily chart
anlık görüntü

After oversold, now RSI is again above 40 levels on daily chart
anlık görüntü

dmi adx positive on hourly chart
anlık görüntü

dmi adx converging towards positive in daily chart
anlık görüntü

Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...!



Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.


CNXITcnxitbuycnxitlongelliottwaveprojectionelliottwaveretracementelliotwaveanalysiselliotwavecountTechnical IndicatorsniftyitniftyitstocksTrend AnalysisWave Analysis

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.
Aynı zamanda::

İlgili yayınlar

Feragatname