April 16, 2011

CNX - IT Correction followed by Shooting Star

  • 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

No comments:

Post a Comment