Nasdaq which is a USmarket Indice has given a breakout on monthly charts with a cup and handle pattern, even price action is seeming good. Also we will be witnessing US election in this year. This upmove can directly affect our indian IT sector.
Commentaire:
The US markets have rallied almost 10% from the mentioned key levels in the chart above. Some positive news from FED may boost the markets more and we may see 20000 levels in 2-3 months. The US presidental elections will play key role in markets.
Transaction en cours:
The chart may see a retest at the breakout level, as it is also a part of game