Discover and read the best of Twitter Threads about #cnxit

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#CNXIT History of IT Sector in India: A data-based perspective

In last 1.5 years, we witnessed a heavy price correction in IT sector. This is evident from CNXIT index movement which is 32% down in last 1.5 years (we kept cautioning repeatedly then) Image
Now, sector is also facing headwinds. Typically, this is how market behaves. Market is always ahead of reality. It tops when valuations highlight major froth, smart money slowly exits n new entrants think they know it all, are scapegoats. Companies r lowering their guidance. ImageImage
Within a year, we have come from healthy double digit growth to low to mid single digit growth projection. Question is - Is it something new or there is something to learn from history?
History is an interesting subject and price is the first guide. Lets us look at history
Read 9 tweets
Thread 🧡Sector Analysis

Covers #TechnicalAnalysis of most of the sectors.

Courtesy : @YTA_School

RetweetπŸ”Like❀️ to spread learning with all. Image
1⃣ Why Sector Analysis is Must ?

Read these 2 Pages from the Book "Relative Strength With Technical Analysis by @YTA_School From the Book - Relative St...ImageImage

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 Image
Read 16 tweets
If ever leave Twitter, will be proud of 2 things
1. Contribution during covid in apr'21
2. Continuous rant on overvaluation amplified from Oct'21
Here is master thread on each of those rants. Rarely asked but show some love if it made any +ve difference to your investing. journey
Read 26 tweets
π“πžπœπ‘π§π’πœπšπ₯ 𝐚𝐧𝐚π₯𝐲𝐬𝐒𝐬 𝐟𝐨𝐫 𝐚π₯π₯ π’πžπœπ­π¨π«π¬

Detailed 🧡on each sector covering index heavy weight stocksπŸ“Š

Profit booking has set in this sector and is undergoing a meaningful correction after lending a strong support to Nifty for many weeks & months.

Had shared a cautionary tweet regarding the same on Jan 2, 2022
Charts of few heavy weight stocks within the IT sector:

Read 24 tweets

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