Cnxitlongterm | Buzz Chronicles

The current formation might look like a falling wedge, but the way moving averages are placed, it looks like a falling wedge which can lead to a parabolic downmove for the marked target.
#CNXIT

Piyush Chaudhry
@piyushchaudhry

IT Index, the original leader of the rally from Mar'20, now seems to be exhausted / giving up.
With a Hanging Man on Quarterly, it now seems to be breaking out of the rising regression channel post Tweezer Top candles on Monthly charts.

Since it may still go in a sideways corrective, a downward projection would make sense only if it breaks below Hanging Man's Low.

$Waves_Perception(Dinesh Patel) \u092e\u0948\u0902Schedule Tribe)$

Waves_Perception(Dines...
@idineshptl

#CNXIT -26770
Weekly chart. https://t.co/YVjvgZIy0Y

#CNXIT

Weekly chart.

Minor pullback before further downside.
Respecting #Fibonacci retracement level 0.382%#Probability pic.twitter.com/y2JvoIikDI
— Waves_Perception(Dinesh Patel) \u092e\u0948\u0902Schedule Tribe) (@idineshptl) May 26, 2022

$Shubham Mishra\U0001f1ee\U0001f1f3\u26a1$

Shubham Mishra🇮🇳⚡...
@shubhfin

Nifty IT Index

Close to achieving the C=A Equality Level https://t.co/vuMVpVlLm4

Nifty IT Index

Failed to cross 61.8% retracement level

Caution for longs ! pic.twitter.com/Nh2ujPptdJ
— Shubham Mishra\U0001f1ee\U0001f1f3\u26a1 (@shubhfin) April 7, 2022

Aakash Gangwar
@akashgngwr823

One of the best risk reward long setups coming soon in IT sector. Let's time the bottom this time. Expecting a minimum of 5k-6k pts rally in Nifty IT after hitting the zone of 26.5k-27k
#CNXIT

Parabolic move has been triggered. Let's have 27k. That could be the buying zone for IT names. #CNXIT https://t.co/bJeKTMoCji pic.twitter.com/ab6w1mysz0
— Aakash Gangwar (@akashgngwr823) May 19, 2022

Aakash Gangwar
@akashgngwr823

What happened to IEX can happen to CNXIT. Savdhaan rahe, satark rahe. Reiterating it again, every falling wedge/channel, RSI divergence is not a reversal signal.
#CNXIT

Watching the marked zone to be tested. If it doesn't cross it, then most probably a parabolic downmove towards 24k. That would lead to even large caps cracking just like Small and Midcaps. #CNXIT https://t.co/FxbzP5vlBr pic.twitter.com/FSqcSqTQM9
— Aakash Gangwar (@akashgngwr823) June 21, 2022

NISHSHKUMAR JAANI
@Nishshkumar

#NIFTYIT

simple observation -Rally 2 consequtive years of negative return and current year is the first year in 2 year of cycle-so more pain ahead

#AhmedabadNest #analysi #India

$Harsh / \ud5c8\uc26c$

Harsh / 허쉬
@_Harsh_Mehta_

When short term gets confusing, zoom out to long term charts. #Nifty

#CNXIT still must do a minimum 52K++ (to complete its move from Oct 2001 low) & therefore any dip between 26K-29K is a good buy zone. Also has mid-line support right there (previously resistance).

Personally have bought #Infy #Wipro #TechM this week - Will add these and other front line IT stocks in near term.

Aakash Gangwar
@akashgngwr823

We often hear that prediction in markets is a nasty game, but we don't really have to believe everything we read on social media. Do we? As long as you maintain good accuracy in your predictions, you will do absolutely great.
#CNXIT https://t.co/w3qedea7T6

Almost there. Quick move. It can spend time over here before the next leg of fall. Let's see.#NIFTYIT https://t.co/GOB28HRvMp pic.twitter.com/6sNc7j8gEU
— Aakash Gangwar (@akashgngwr823) March 9, 2022

Rajan
@market_vestor

@Mayank_Narula1 Les Gooo

$Waves_Perception(Dinesh Patel) \u092e\u0948\u0902Schedule Tribe)$

Waves_Perception(Dines...
@idineshptl

#CNXIT

Daily chart. More pain ahead?

#Observation

$Waves_Perception(Dinesh Patel) \u092e\u0948\u0902Schedule Tribe)$

Waves_Perception(Dines...
@idineshptl

#CNXIT

Weekly chart.

Each Fibonacci retracement level shown in #box likely to be tested in time to come.

#Perspective https://t.co/aDDZJV2KE3

#CNXIT-36442#NiFTY IT
Weekly chart.

Objective is to creat lower top against ATH.(39446.70)
MACD showing negative divergence. Attract selling pressure in time to come.#Probability pic.twitter.com/hPx8SMpeoo
— Waves_Perception(Dinesh Patel) \u092e\u0948\u0902Schedule Tribe) (@idineshptl) March 25, 2022

Aakash Gangwar
@akashgngwr823

Parabolic move has been triggered. Let's have 27k. That could be the buying zone for IT names.
#CNXIT https://t.co/bJeKTMoCji

The current formation might look like a falling wedge, but the way moving averages are placed, it looks like a falling wedge which can lead to a parabolic downmove for the marked target. #CNXIT pic.twitter.com/GmXOI3HmUN
— Aakash Gangwar (@akashgngwr823) May 10, 2022

Technicalinvesto
@AMEsourav

@shivaji_1983 Shivaji bro i drawn this today

Anand Luhar
@anand_luhar

https://t.co/ZNPBFhNjhi

#NIFTY IT
\U0001f9d0 pic.twitter.com/je5sPQkjb9
— Anand Luhar (@anand_luhar) April 25, 2022

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