Nifty IT Sector – Caught Between Breakout & Breakdown?

[nishshkumarjaani@gmail.com]

Nifty IT Sector – Caught Between Breakout & Breakdown?

The index has bounced strongly from oversold zones, negating the bearish anchor column and triggering a bullish ABC pattern – targets stretch to 52000, as long as 35000 holds.

But don’t ignore the shadow forming – a potential Head & Shoulder Top which activates only below 32000. ️

🧠 Two Critical Insights:

IT often underperforms when Banking/Finance is strong – watch sector rotation closely.

Weakening DXY could impact export-heavy IT companies despite the bullish chart.
Large-cap or mid-cap IT? Stock-specific trends will lead – manage risk, follow the chart, ignore the noise.

As of now – Bias stays Bullish above 35000!
Break below 32000, That’s when we talk about major top-out formations. 🧩

Nishesh Jani, CFTe

#AhmedabadNest #NisheshJani #NiftyIT #TechStocks #SectorAnalysis #BullOrTrap #TradingPsychology #ChartPattern #ITSector #RiskManagement #MarketInsights #HeadAndShoulder #DollarIndex #StockMarketIndia

[Rishabh Jain-1726716457858]

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[nishshkumarjaani@gmail.com]

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