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Nifty IT near 50% Fibonacci Retracement
Nifty IT Index
(
NSE:CNXIT
)
TAGaganDeep
NSE:CNXIT
Nifty IT Index
Trend Analysis
Chart Patterns
Technical Indicators
niftyit
rsidivergence
Fibonacci Retracement
infosys
TCS
nasdaq
NIFTY
trendreversal
priceaction
0
0
trendanalysis
chartpattern
indicator
niftyit
rsidivergence
fibonacciretracement
infosys
tcs
nasdaq
nifty
trendreversal
priceaction
The weekly chart of Nifty IT shows that it has come near the 50% retracement level.
At the same time it shows a positive RSI divergence. This gives rise to chances of a short term upside.
Though confirmation is required as per price action.
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