Rounding bottom pattern almost complete in Nifty IT Sector
Nifty IT sector has almost completed the rounding bottom pattern. This consolidation phase was more than 2 years long. Thus, the probability of a sustainable breakout is high. I will look to go long in IT sector leaders via call options/ cash buys. What about you all?
PS: Typical targets are the depth of the rounding bottom pattern which is 29%. This can be achieved by the end of the year.
PS: Typical targets are the depth of the rounding bottom pattern which is 29%. This can be achieved by the end of the year.
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