The current formation might look like a falling wedge, but the way moving averages are placed, it looks like a falling wedge which can lead to a parabolic downmove for the marked target.
#CNXIT
More from Aakash Gangwar
Still having the same view. Will update if there is any change. Falling trendline breakout doesn't work that way in a bear market the way it works in a bull market. Updating your methods according to the market is the key.
#nifty50 https://t.co/64ZktWHQev
#nifty50 https://t.co/64ZktWHQev
This is the maximum upside for now, post that I am looking for an 8-9% fall in index.#nifty50 pic.twitter.com/BcSOiwWuBs
— Aakash Gangwar (@akashgngwr823) June 24, 2022
More from Cnxitlongterm
Parabolic move has been triggered. Let's have 27k. That could be the buying zone for IT names.
#CNXIT https://t.co/bJeKTMoCji
#CNXIT https://t.co/bJeKTMoCji
The current formation might look like a falling wedge, but the way moving averages are placed, it looks like a falling wedge which can lead to a parabolic downmove for the marked target. #CNXIT pic.twitter.com/GmXOI3HmUN
— Aakash Gangwar (@akashgngwr823) May 10, 2022
One of the best risk reward long setups coming soon in IT sector. Let's time the bottom this time. Expecting a minimum of 5k-6k pts rally in Nifty IT after hitting the zone of 26.5k-27k
#CNXIT
#CNXIT
Parabolic move has been triggered. Let's have 27k. That could be the buying zone for IT names. #CNXIT https://t.co/bJeKTMoCji pic.twitter.com/ab6w1mysz0
— Aakash Gangwar (@akashgngwr823) May 19, 2022
We often hear that prediction in markets is a nasty game, but we don't really have to believe everything we read on social media. Do we? As long as you maintain good accuracy in your predictions, you will do absolutely great.
#CNXIT https://t.co/w3qedea7T6
#CNXIT https://t.co/w3qedea7T6
Almost there. Quick move. It can spend time over here before the next leg of fall. Let's see.#NIFTYIT https://t.co/GOB28HRvMp pic.twitter.com/6sNc7j8gEU
— Aakash Gangwar (@akashgngwr823) March 9, 2022