This is a comparison study of charts of CNX IT index VS IT-Bees and this is a pure fundamental analysis.
In December 21, CNX IT index made its all time high and then went into down trend. Since May 22, IT index is trading in the range (parallel channel). Here I am recommending to buy Nippon IT Bees as Long Term Investment. Once can see a clear comparison between the two charts as IT-Bees are also trading in range.
1. Fundamentally IT index has to bounce back as there is no other alternative for IT in today's world.
2. IT-Bees are directly proportional to IT index, hence, it is a very good time to do SIP (Systematic Investment Plan) in IT-Bees on monthly basis.
3. As you will be investing in whole IT index, target and stop loss is not mentioned. This is a pure investment pick only for INVESTORS.
CMP - 32.4
In December 21, CNX IT index made its all time high and then went into down trend. Since May 22, IT index is trading in the range (parallel channel). Here I am recommending to buy Nippon IT Bees as Long Term Investment. Once can see a clear comparison between the two charts as IT-Bees are also trading in range.
1. Fundamentally IT index has to bounce back as there is no other alternative for IT in today's world.
2. IT-Bees are directly proportional to IT index, hence, it is a very good time to do SIP (Systematic Investment Plan) in IT-Bees on monthly basis.
3. As you will be investing in whole IT index, target and stop loss is not mentioned. This is a pure investment pick only for INVESTORS.
CMP - 32.4
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.