IT Bees looks good for a positional medium-term play.

2024년 11월 12일

#tradeideas #ITbees.

Looks good for a positional medium-term play.

-Nifty IT along with BN is supporting Nifty.
-IT sector shows resilience in this market fall.
- Positivity in US market (NASDAQ)
- Easy to get in and out. Good liquidity.

What could go wrong?
- Overall bearish sentiments in our market. If NIFTY were to fall further, IT would follow suit.
- Dependent on NASDAQ move, so pay close attention
to US markets.

Overall this is a low-risk setup. Risk is only 6.5-7%. Build positions sensibly. Risk management is key. Do not put all your money at once. And respect the SL. Building this position early because if we were to get a reversal soon then the rewards will be good. If the reversal is not sustained then our risk is still less.

This is just a view and chart shared for educational purposes only.

2024년 12월 6일

액티브 트레이드

7.5% so far. Hold tight