Thursday, April 09, 2020

IT STOCKS

Dear friends,


Lets look at IT index waves,Almost all indexes this time fell along with nifty . After the initial fall the indexes have shown some good replacements lets look at the wave structure.




It made a wedge and fell almost all made wedge kind overlapping wave structures distribution before collapsing .Lets take a closer look at the correction .


This abcde overlapping upmove has potential to do minimum 13000+ and maximum 13450.
Thats where a good short trade setup would emerge i think ,Lets see how this moves in coming days .


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