- CNX IT has been getting support just below its 50 day moving average.
- One trend line in daily chart too has held well so far.
- Now 50 DMA has broken again. If the trend line does not hold we may see some downside for major IT stocks and CNX -IT index.
- If the trend line holds and price goes on to break the resistance line this up trend will continue.
- TATA STEEL ASCENDING BROADENING WEDGE
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