Nifty IT- technical learning
Nifty IT- technical learning
1) Nifty IT weekly chart
2) RSI at just 40
3) Major support zone
4) We also see that prices coming down on weekly chart (comparing last 5-6 candles on weekly chart)
However, RSI is inching up slowly
5) This is called positive divergence and this the first sign on trend reversal on chart for IT sector.
we may soon see a trend reversal in IT. - Stock on radar shall be INFY
all this is for information.
this is not a buy/sell recommendation.
thank you,
technofunda24
#TechnicalViews#WatchOutFor

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