Chart of the week. Nifty IT. 9/10/23

After making a all time high in Jan 22, CNX IT was in down trend. Since May 22, the index is consolidating in parallel channel, hence ITBees were recommended for accumulation on 13 August. After multiple attempts, last week the index gave a successful closing above 31100 resistance. I was waiting for the confirmation candle which were given last week. Therefore, we can assume CNX IT will lead the index now.

CMP - 32450 W
T - 33100, 34350, 36400, 39000