⚡️ Consolidating in the weekly demand zone for the last 4 months. ⚡️ Wyckoff accumulation schematic on the daily time frame. ⚡️ The market structure started shifting after the establishment of the low on 17 July. Hence, it is an important low. ⚡️ The logical short-term target is near the 1730 zone. If the price manages to push above the range high, expect 1700 and higher in the coming weeks.
Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
Happy learning. Cheers! Rajat Kumar Singh (@johntradingwick) Community Manager (India), TradingView
true, there is high probability that in this move infy will fill all it's pending gap and CNXIT also bouncing from previous breakout level which confirms that there is no further downside. Fine observation 👍
AMIT-RAJAN
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Helped out thanks Sir 👌
nallujoy
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Will it goes up? Looks like All the IT stocks are downtrend l..
johntradingwick
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@nallujoy, Until and unless it does not break below 1367, the stock seems to be in consolidation. Any good closing below 1367 will invite more selling.
Fine observation 👍