Nifty IT - Analysis of Charts

Nifty IT - Analysis of Charts Let's analyses Nifty IT Historic chart. - Chart attached in media This is monthly chart Here important is RSI Market arrow at RSI After June 2009 Nifty IT has not broken RSI 40 on Monthly chart This means Nifty IT has not gone into bearish momentum on monthly charts since June 2009 which is almost 16-17 years. Stock on radar -

Conclusion: Conclusion is that we are just 3-4 weeks away from Bottom formation on charts considering the historic data of monthly charts. All this is for information. This is not a buy/sell recommendation. Thank you, Technofunda24