IT SECTOR OVERVIEW: Super Bullish!
Observation & Overview:
1. The IT Index was beaten down in late 2022.
2. After 2023 it formed a bottom and prices started gaining strength.
3. 2024 price started forming Higher Highs & Higher Lows, touched the previous 2022 ATH and currently, taking support from the 50% of the swing and also bouncing from a D tf demand.
4. It is acting as a major support zone and good weekly candle rejection can be noticed.
5. Signs of buyers getting dominant and it should break the ATH soon.
6. I'm expecting a minimum 15% ROI from this sector turnaround.
7. Hopefully, with sector rotation this sector is going to gain momentum eventually.
- Stay tuned for further insights, updates and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
1. The IT Index was beaten down in late 2022.
2. After 2023 it formed a bottom and prices started gaining strength.
3. 2024 price started forming Higher Highs & Higher Lows, touched the previous 2022 ATH and currently, taking support from the 50% of the swing and also bouncing from a D tf demand.
4. It is acting as a major support zone and good weekly candle rejection can be noticed.
5. Signs of buyers getting dominant and it should break the ATH soon.
6. I'm expecting a minimum 15% ROI from this sector turnaround.
7. Hopefully, with sector rotation this sector is going to gain momentum eventually.
- Stay tuned for further insights, updates and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
הערה
Good going. Superb Move. ✌️TP 1 Hit in no time. ✅
Close to 20% ⚡
הערה
✨ Get Ready for the 50,000 level mark! 🚀🚀
עסקה סגורה: היעד הושג
Anubrata Ray ⚡
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
Anubrata Ray ⚡
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.