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
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| 10 year chart |
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| 5 year chart |
See the elliott wave degree
see what NIFTY IT shows
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| NIfty IT |
Similar story across globe
>> click on chart for zoom view <<
