Chart patterns (Technical Analysis)

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BROADENING FORMATIONS, RIGHT - ANGLED AND  ASCENDING




Hi Investors there is " Broadening Formations , Right - Angled and Ascending " found in NIFTY IT . As per this formation there will be horizontal support and a ascending resistance line. Mostly breakout will be provided on downside . One partial decline is required which is almost done done it has touched its Fibonacci 50 % level you can avoid IT stock as it is short term bearish reversal sign . There will be good buy again in IT near 2430. thank yoU


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