Nifty IT (CNXIT) — Head & Shoulders Invalidation to Inv H&S Bull
Nifty IT Index NSE:CNXIT
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💻 Technical Analysis Breakdown:
Pattern Structure: Clean, multi-month bottoming structure forming on the Daily chart.
Breakout Zone: Resistance cluster at 31,842 – 32,131 marks the key neckline hurdle.
Consolidation Projection: A right shoulder dip/consolidation before a full macro expansion into late Q3/Q4.
🎯 Targets:
Linear Target: 38,586.65
Log Target: 40,197.95
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