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

註釋

Good going. Superb Move. ✌️
TP 1 Hit in no time. ✅
Close to 20% ⚡

註釋

✨ Get Ready for the 50,000 level mark! 🚀🚀