NIFTY IT Index has given a breakdown of the Inverted cup and handle pattern, thus making the IT sector weak and bearish.
Major IT stocks have given a breakdown. Example: Infosys, Wipro, Coforge, Mphasis.
This script has also broken out of a descending triangle pattern. This pattern is considered as one of the most aggressive patterns. If this breakdown is successful then we may witness a quick down move in this script.
Major IT stocks have given a breakdown. Example: Infosys, Wipro, Coforge, Mphasis.
This script has also broken out of a descending triangle pattern. This pattern is considered as one of the most aggressive patterns. If this breakdown is successful then we may witness a quick down move in this script.