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CNX IT - Game of 9295 or 9592 - How Support was created- Magic

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NSE:CNXIT   Nifty IT Index
9
It all started with the equation W=Y=Z & CNXIT started its upmove from 9295 as discussed in below update.


Made a high at 10590 & Sell Setup was generated below the rising trendline as discussed below

Got the magical support 9592 - ( from lowest point 9295-Initial 2 figures 92 was pushed next & 95 was brought in front)- Isn't that amazing- CNX IT starts the Up-Up & Away Journey.

Finally, it was doing choppy & suspicious move in the zone 10790-10800's -it made a high of 10925 & dropped after 6 weeks it has landed on the top channel

Trading Strategy
Holding Top channel as support - we shall look for a bounce or 9592 - which will be critical support.
手動でトレードを終了しました:
15th April2017

Channel Support Broken- falls sharply down.

Best Regards,
Abhishek H. Singh
​Growth Director - TradingView India

YouTube Channel www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw

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