Tuesday, April 11, 2017

NIFTY IT

Nifty IT index fail to perform comparing to Nifty, Banknifty and many others.

Many newspaper highlights shows end of growth for IT and Pharma company.

But looking at NIFTY IT chart we can see falling Channel line, here many IT stock showing similar pattern and all set for next degree 

Here is a Cognizant Technology Solutions Corp


10 year chart



5 year chart

See the elliott wave degree 



                                 see what NIFTY IT shows 

NIfty IT



                                  Similar story across globe 

                                                       >> click on chart for zoom view <<