Is Indian I.T sector rally over? " Shooting Star Pattern"

8 thg 10, 2020

According to technical indicators and candlestick analysis looks like the Indian I.T sector share gets overstretched and correction is possible. Also, RSI is in the overbought zone (80), and also in day frame analysis, it has formed a "Shooting Star" pattern (Trend reversal pattern).

Here, by Nifty I.T analysis I am referring to I.T stocks
Eg: TECHM , TCS

This analysis is done only for educational & intelligence purposes, invest or trade at your own risk & will.