bibhuti biswal
718 posts












NIFTY IT – Structural Breakdown on Renko ⚠️ Nifty IT has triggered a clear Head & Shoulder breakdown on the Renko chart around 31,000. 📉 Downside Levels to Watch: • 27,000 – First major corrective zone • 24,600 – Extended support if momentum accelerates 🔎 Broader Technical Picture: Majority IT stocks trading below 200 EMA Monthly DMI in bearish trend mode Monthly RSI below 50 → Indicates structural weakness This suggests the correction could be deeper and time-wise extended, not a one-way fall. Expect intermittent pullbacks toward resistance, but probability favors lower lows unless structure reclaims strength. ⚡ Strategy Focus: Trade with trend. Avoid aggressive bottom fishing until reversal signals emerge. Nishesh Jani,CFTe #NiftyIT #StockMarketIndia #TechnicalAnalysis #Renko #SectorRotation #MarketOutlook


@Prakashplutus Sir kab buy karna hai vapas ?? blanket buy call 🙏

At 24300, if you sound little bearish /Neutral , I will not mind .


















