IT Sector Gets A Head start

Published: Fri, 07/15/16

July 15, 2016

BSE IT

The Tech Sector had a washout session today. But it did not happen in one day. It was a long rounding top. I had been calling the long term ending diagonal on Infosys for years. The same goes for the IT Sector. I have just written an update at the link below to get you up to date.

BSE IT - Day of Reckoning

www.indiacharts.com

The CNX IT index finally has its day of reckoning after years of calling it. I think I first did this with Tata Motors and after years it did a throw over above the line and then gave back in 6 months gains of the entire wave E. It bounced off the lows of wave D of the ending pattern since FEB 2016.