NIFTY IT Index WAVE Analysis and C&H Pattern formation

13 Jul

This month if IT INDEX closes above 40000 then it can move up to ~51000-52000 i.e. putting most of the healthy IT stocks in to bull run for few months.
If you look at the charts it is about to finish the C&H pattern + it is in wave (3) Elliot wave impulsive phase which is supposed to be strong and longest.


* It is not a trade advise but technical analysis shared based on my understanding of patterns and personal experiences, please take any trade with applying your analysis and at your own risk.

18 Jul

Trade aktif

NIFTY IT INDEX CLOSED ABOVE 40000, but weekly or better monthly close above 40k is needed.
With this most of the good IT stocks must turn bullish for an year or so, let's see

22 Jul

Catatan

Monthly close above 40000 is important, if that seems happening then good IT stocks can be good bet.

31 Jul

Catatan

Positives:-
1. C&P completed,
2. Solid weekly and monthly closings
3. 1500+ points run since the call given,
4. Nifty will keep moving up and now the contribution must be coming from IT stocks as many other sectors has given good run and have become expensive but for IT the cycle starts now.
5. Lead IT stocks looking strong on chart like for TCS sky is open, INFY and HCLTECH looking nice too to catch their LTH in coming month and TechM and Wipro too doing well.

20 Agu

Catatan

As predicted now IT stocks moving Nifty50 up

27 Agu

Catatan

As predicted the index is moving up nicely.

2 Sep

Catatan

Bingo : New LTH of 43300 hit, now HCLTECH, TCS and INFY all three have made new LTHs to support index, all happening as predicted.

2 Sep

Catatan

First FIB LEVEL : 43027 done !