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Thread š§µSector Analysis
Covers #TechnicalAnalysis of most of the sectors.
Courtesy : @YTA_School
RetweetšLikeā¤ļø to spread learning with all.
Covers #TechnicalAnalysis of most of the sectors.
Courtesy : @YTA_School
RetweetšLikeā¤ļø to spread learning with all.
1ā£ Why Sector Analysis is Must ?
Read these 2 Pages from the Book "Relative Strength With Technical Analysis by @YTA_School
Read these 2 Pages from the Book "Relative Strength With Technical Analysis by @YTA_School
2ā£ CNX IT
Index is making a base and strong support.
Once the resistance of 30845 gets broken we can see it crossing 35000/36000.
#CNXIT #NIFTYIT #TechnicalAnalysis
Index is making a base and strong support.
Once the resistance of 30845 gets broken we can see it crossing 35000/36000.
#CNXIT #NIFTYIT #TechnicalAnalysis
A thread - Nifty and the sectoral Indices in India:
Nifty - A possible short term pullback from the trendline here. Nifty price is around the 38.2 fib level and trendline support. Probably a gap down and pullback tomorrow. 1/n
Nifty - A possible short term pullback from the trendline here. Nifty price is around the 38.2 fib level and trendline support. Probably a gap down and pullback tomorrow. 1/n
Nifty Auto - I see a short term pullback here too. Reasons being the price is now right at the downward sloping trendline and the price has retraced 61.8 fib levels of the entire rally from 2008 lows #CNXAUTO 2/n
Nifty Metal - The price is right at the lows and should show some strong buying, which could lead to some pullback from here. Also, the price is at the downward sloping trendline and the lower line of the pitchfork. This convinces me of a short term pullback. #CNXMETAL 3/n
