NIFTY IT PRICE ACTION ANALYSIS

NIFTY IT index is currently at a potential reversal point suggested by the XABCD bullish crab pattern and low RSI value on the daily timeframe.

The bounce may be up to 0.382-0.618 fib zone extension of CD.

This doesn't mean IT would reverse its trend from here. Before the budget, it might test important resistance 36750. This might be just a correction for the falling impulse.

So, beware and wait for confirmation before investing.