Applied Fibonacci levels to IT index.
Index seems to be closing above it short term resistance oh 16086 level. A strong breakout above previous highs of 16130 will be a buying opportunity in Tech stocks like Techm Infy TCS Wipro Mindtree which have been strong.
Weaker rupee may be a trigger. But one should wait for a breakout and not hurry since they have rallied a lot this year.
Index seems to be closing above it short term resistance oh 16086 level. A strong breakout above previous highs of 16130 will be a buying opportunity in Tech stocks like Techm Infy TCS Wipro Mindtree which have been strong.
Weaker rupee may be a trigger. But one should wait for a breakout and not hurry since they have rallied a lot this year.
Trading ditutup: stop tercapai:
Stopped out.
Trade aktif:
Sell CNX IT with stoploss of 16180 target of 15800
Order dibatalkan
Ide yang Berhubungan
![Lucifer759](https://s3.tradingview.com/userpics/3444939-8lYR.png)
Infosys - Breakout
Lucifer759
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