Nifty IT Head and Shoulders Pattern Breakout Down Side

Güncellendi
Nifty IT index (CNXIT): it has recently experienced a breakout to the downside from a head and shoulders pattern, indicating potential bearish momentum. This pattern typically signifies a reversal of the previous uptrend, suggesting a possible downturn in the IT sector. Traders may consider adjusting their strategies to account for the increased likelihood of further declines in Nifty IT stocks.
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33505 fresh low.
breakouthead_and_shoulderHead and Shouldersniftyit

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