Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Sector Overview : CNX IT – October 2015 Sentiment and Gap Analysis

25 sec read

CNX IT Daily Sentiment
CNX IT Daily

 
CNX IT Daily Sentiment is negative and down for the consecutive 11 days. Possibly oversold and could bounce back in the shorter term. However last week earning results on the IT stock made the weekly sentiment to turn down. So the overall bias on the CNX IT stocks are wait for the bounce to happen followed by a sell of as the weekly sentiment shows medium term bearishness.

CNX IT Weekly Sentiment

CNX IT

CNX IT has left two professional gap zones on the daily chart one at 9254 on 6th June 2014 and the another at 10103 on 22nd June 2014. Current Weekly negative Sentiment could target first professional gaps zone at 10103 in the medium run.

Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

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