ETF ITBEES Bullish ETF ITBEES is seeing a positive RSI indicator moving in upwards trend, expect to rise in coming weeks.
Support levels tested
Long 🟢 trade expected
ITBEES trade ideas
ITBEESSince a long time in the past, the IT sector has experienced extreme market volatility and pressure. even if one of the most favored industries is IT.
Thus, because of this unstable market, "ITBEES" appears to be the greatest investment in the IT sector. I've seen that there has been a 16–17% correction to this volatility.
That one, I think, if you investigate here at CMP 35 Rs. It might yield a 17–18% return for us in the upcoming days.
Before considering an investment, please consult your advisor (HOLD as POSITIONAL). I'm not a certified advisor.
Please don't take anything personally; it's only meant to be informative.
ITBEES green shoots in IT (accumulate)After major consolidation IT sector has started showing resilience to market movement. IT behmoth likes for TCS infy have started recovering and trying for bottom formation. With slight improvement in US economy may take IT in a sweet spot.
Given the domestic economy is going good with increased export will add fuel to rally estimated in next 6-9months.
To play stock specific will need more capital instead for 10-15% gain ITBEES is a good recommendation. As chart suggest the price was tarding in a range having good support around 27 while upper range is near 35. A golden cross over is in formation too making it a more convincing shot. Accumulate till 29.50-30.50 for targets of 33.50 and 35.50 in next 6-9months.
