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.
More from Piyush Chaudhry
Weekly Candles, so we still need to wait.
Earlier two tweets on Copper:
1. Copper - EM:
https://t.co/WogWRMIMHH
and,
2. Copper - Gold
https://t.co/Cq2zcn4bi3
Amazingly super positive correlation between Emerging Markets and Copper.
— Piyush Chaudhry (@piyushchaudhry) June 2, 2021
*MSCI Emerging Markets ETF #EEM
*Copper Futures #Comex pic.twitter.com/rVAwfqvqD4
#APOLLOHOSP @ 2110 - Long Term Chart.
— Piyush Chaudhry (@piyushchaudhry) November 12, 2020
I see a fair possibility of the stock rising to 3500-5000 zone over next few years and an open possibility of the next zone of 5000-7500 as well.
Invalidation on break below Blue TL. pic.twitter.com/QJ5aY4eTT8
More from Cnxitlongterm
#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
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
— Waves_Perception(Dinesh Patel) \u092e\u0948\u0902Schedule Tribe) (@idineshptl) March 25, 2022
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
#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