๐จ TRENT Update
The Bullish Engulfing setup is playing out well
โ Bullish Engulfing
โ Trendline Breakout
โ ๐ Already up ~10-12% from the reversal zone
๐ฏ Next focus: Hold above โน2995 and continue making higher highs
#TRENT#SwingTrading#TechnicalAnalysis#PriceAction ๐๐ฅ
๐จ NIFTY IT -5% today
Fear for some. Opportunity for others.
My view:
๐ Trend remains bearish
๐ค AI is disrupting traditional IT faster than expected
๐ No strong reversal signal yet.
I prefer Tech oriented Mutual funds over individual IT stocks
๐ What's your take?
#NIFTYIT
@Kadhirjr Bonus Ex Date : 04 June
For profit booking - it's always safe to book at previous swing High; but accordingly you need to check Stop Loss and Risk & Reward
Best possible Entry: Reversal zone
ITC showing RSI Divergence. Price entered in a rectangle ๐ฅ
As soon as the price closes above the rectangle with Good volume, We can ride the Bull.
#ITC#RSIDivergence#BullishEngulfing#Trading#StockMarket
4/ ๐ My Strategy (No Guesswork)
Instead of picking weak IT stocks:
โ Investing via mutual funds with AI exposure
โ Let fund managers allocate to winners
โ Avoid catching falling knives
Smart money doesnโt predictโฆ it positions.
4/ ๐ My Strategy (No Guesswork)
Instead of picking weak IT stocks:
โ Investing via mutual funds with AI exposure
โ Let fund managers allocate to winners
โ Avoid catching falling knives
Smart money doesnโt predictโฆ it positions.
3/ ๐ค AI: Opportunity or Threat?
AI is the future โ no doubt.
But near-term?
Itโs disrupting traditional IT revenue models faster than companies can adapt.
Thatโs why youโre NOT seeing a strong bullish reversal yet.
3/ ๐ค AI: Opportunity or Threat?
AI is the future โ no doubt.
But near-term?
Itโs disrupting traditional IT revenue models faster than companies can adapt.
Thatโs why youโre NOT seeing a strong bullish reversal yet.
2/ โ ๏ธ Whatโs dragging IT?
โข Global slowdown fears
โข Weak US tech spending
โข Margin pressure
โข AI disruption uncertainty
Markets hate uncertainty โ and IT is full of it right now.
1/ ๐จ IT Sector Reality Check:
Indian IT has been in a downtrend for 1+ year.
Lower highs, lower lows โ classic bearish structure.
Even now, the price is rejecting key averages (200 EMA).
This is not weaknessโฆ this is structural pressure.
2/ โ ๏ธ Whatโs dragging IT?
โข Global slowdown fears
โข Weak US tech spending
โข Margin pressure
โข AI disruption uncertainty
Markets hate uncertainty โ and IT is full of it right now.
1/ ๐จ IT Sector Reality Check:
Indian IT has been in a downtrend for 1+ year.
Lower highs, lower lows โ classic bearish structure.
Even now, the price is rejecting key averages (200 EMA).
This is not weaknessโฆ this is structural pressure.
1/ ๐จ IT Sector Reality Check:
Indian IT has been in a downtrend for 1+ year.
Lower highs, lower lows โ classic bearish structure.
Even now, the price is rejecting key averages (200 EMA).
This is not weaknessโฆ this is structural pressure.
Weekly Warning โ ๏ธ
Across sectors โ Strong Downside/ Bearish Engulfing on weekly ๐
๐ Likely path:
โก๏ธ Gap fill first
โก๏ธ Then base
โก๏ธ Then upmove
๐ซ Donโt rush buys
โณ Let correction play out
Patience = Profit
#Nifty#PriceAction#StockMarket
NIFTY FIN Services at 200 EMA = REJECTION โ
Bearish Engulfing confirmed โ ๏ธ
Nifty 50 โ same story ๐
๐ Short-term view:
โ More downside OR
โ๏ธ Time-wise consolidation
๐ Bulls: Wait for strength
๐ป Bears: In control (for now)
Next move = after structure builds ๐
#Nifty