July 7, 2014

CNX IT Chart analysis



  • CNX IT Doing a fast rise to avoid a death cross in daily chart.
  • Price has moved above a crucial GAP area between 6600 and 6700 levels. Price is also staying above the Golden ratio.
  • Next resistance is at the Crucial round number 10000. More up moves if 10000 - 10150 level is crossed. 


5 comments:

  1. The BSE 30-share barometer spurted by 137.29 points, or 0.52 percent, to trade at a lifetime high of 26,099.35 with stocks of infrastructure, IT, power, capital goods, auto and realty sectors, leading the rally. The gauge had gained 138.31 points in the previous session.
    Nifty Future Tips

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  2. We have started this website in order to teach and show traders from all forms of life that making money in Equities or commodities isn’t that easy if you do not pursuit it as a serious business. Speculation or emotional trading will only lead to lose more and more money.

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  3. Time to buy Gold (our newsletter posted on 11.06.2014)
    After weeks of taking short positions in Gold, is it finally that we can buy it? Well, lets open our charts or just click on the image to expand and we see that there is a bullish daily chart! There is a gap down opening when the future expired and hence the question arises, will the gap close? The MACD, where bulls are stronger this time, ticked higher yesterday and one should have bought when there was a candlestick pattern, hammer in the daily chart. The risk-reward to trade gold at 25900 was way too good. Even if the gap analysis is to be done along with your daily EMA to be considered as a resistance, one could go long with a 100 point stop for a target of 600 points. 1:6!!

    25400 and near points are double bottoms for the chart and one should expect the Gold to rise on a pure technical point of view!

    http://youtu.be/_1sxhET1lIA

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  4. Market is showing some positivity this week. Both nifty and sensex are going up and making the traders happy.
    equity tips for today

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