- Shooting Star of CNX - IT gives good correction. Price did test the bearish candle But eventually Shooting Star wins the battle.
- Next Support lies at 6550. If 6550 then price may slip down to 6150 - 6250 level.
- Break of weekly trend line will add more bearishness to CNX - IT.
- Infosys looks weak now stocks like TCS may give support to CNX - IT. One more point to note is the weekly Shooting star candle of TCS. I will update TCS chart later.
- Shooting star was shown in the last post of CNX - IT: CLICK HERE
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
April 16, 2011
CNX - IT Correction followed by Shooting Star
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