Endurance Tech - Amazing 2 Cups of Morning Hot Coffee
Yesterday after market close - we published chart of Nifty IT stating the IT Sector would snap the 5 day Fall and would bounce back today
Reasons for IT bounce:
Today - as predicted, NIFTY IT index rose 1.35% in the morning taking all IT stocks sky high
Endurance Tech:
Double Cup & Handle Pattern (one on Weekly & one on Monthly) gave me the Morning Boost of Caffeine already :)
Monthly: Large Cup & Handle (Slanting) with BO above 2350 and Target 3800
Weekly: Inside the larger Handle - on weekly scale another Cup & Handle was formed and BO already done 2 weeks ago with target of 2450.
Today's rejection is from the Larger C&H Trendline - which is also expected. One Cup of Coffee done - another one pending :)
Keep holding your winners. Remember - we (Stocks-n-Trends) are NOT SEBI registered entity and our focus is not to provide calls. We rather Teach you how to use Technical Analysis to make money yourselves. Learn to Ride the Tide whatever be its Side :)
- Team Stocks-n-Trends
Reasons for IT bounce:
- Double Top neckline Support (not broken)
- 2 support lines from the Gap Up candle (one support at top of Gap and one at bottom)
- Good rejection seen from DT neckline + both ends of Gap - and price closed just above the Support lines
- Overall Indian markets turned bullish across all sectors despite weak Global cues from US, Europe & Asia
Today - as predicted, NIFTY IT index rose 1.35% in the morning taking all IT stocks sky high
Endurance Tech:
Double Cup & Handle Pattern (one on Weekly & one on Monthly) gave me the Morning Boost of Caffeine already :)
Monthly: Large Cup & Handle (Slanting) with BO above 2350 and Target 3800
Weekly: Inside the larger Handle - on weekly scale another Cup & Handle was formed and BO already done 2 weeks ago with target of 2450.
Today's rejection is from the Larger C&H Trendline - which is also expected. One Cup of Coffee done - another one pending :)
Keep holding your winners. Remember - we (Stocks-n-Trends) are NOT SEBI registered entity and our focus is not to provide calls. We rather Teach you how to use Technical Analysis to make money yourselves. Learn to Ride the Tide whatever be its Side :)
- Team Stocks-n-Trends