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AttackTheBear

Nifty IT

Nifty IT Index (NSE:CNXIT)  
AttackTheBear  
NSE:CNXIT   Nifty IT Index
Trend Analysis Chart Patterns Fibonacci rsi_divergence niftyanalysis niftyit
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trendanalysis chartpattern fibonacci rsi_divergence niftyanalysis niftyit
My Views:
  • Index made a new high whereas RSI didn't which indicates negative divergence.
  • It will have to sustain around 29100 and 29280(0.5 and 0.382 level on fib retracement) before it continues the uptrend

Please do your own analysis before making any decisions and also let me know if I missed something.
Let's learn together.
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