Will the IT Index break out or would reverse again ?

 #niftyit #cnxit The Nifty IT index can be seen at a crucial resistance zone (window gap) from where it broke down way back in April 2022 & then on , it had been consolidating.

Now that the momentum has climbed into medium term bull zones, any break outs from here could be reasonably good one ,but alternatively would it surrender to the resistance & fizzle out like it did in last sept?

The global US index #NASDAQ has risen up towards all time high within a descending wedge with momentum climbing into bull zones , but as of now that also is ls at resistance.

    

Finger crossed. It had been long wait for those who bought the dips believing in the indian IT story.Market index is on record high with two major IT stocks Infy & TCS contributing to it both of which also seen at top of trendline channel in brim of a breakout.