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Nifty IT taking strong pullback here from the long term resistance.
A resistance, tested for the third time, only weakens, doesnt strengthen, especially provided the global scenario.
In the last 2 scenarios of this technical indicator, teh recovery has never been this fast, this quick, and v shaped, it is now.
good until we are above 200DMA.
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As Nifty starts to bottom out, for anyone picking individual stocks to trade, latching to the winners is essential, right here right now.
Watch this video to find:
- How to find leading themes
- How to find the winners to latch on to from those themes
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Now check Q2 FY27 results on WealthLab 📊
Revenue, EBITDA, PAT and EPS growth for every company that has declared, alongside how the stock has moved since the result. Plus a calendar of who reports next.
👉 wealthlab.in/announcements?v…
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Something to watch at this point:
#NIFTYFMCG index, At absurd oversold levels and now rallying upwards, as the focus shifts away from AI name and back to consumption, as CPI cools down, as Crude gets on a better footing, we will see a lot of consumption names perform better, deliver better, and mean revert, if not outperform.
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