ilmscore | Prediction Details
"i t sector right now i believe has been beaten down quite a bit the only problem that i see further in iit sector is that it has broken the 38.2 percent fibonacci also point three to fibonacci is also broken there is one contra view now because now that it has fallen by almost 23 to 25 percent in two months two straight months it has it has gone down by almost 25 percent uh i believe that not much pain ideally should be left from here the next level next fibonacci level is at 25172 but uh you know i would want to wait a little bit more i would love to see some sign of reversal and then make uh you know at least kind of a bullish view on uh i.t sector it's right now i'm staying away uh i have not taken any fresh position in the i.t sector right now that's because i would want to do a little bit wait and watch now for a fresh entry right"
By CA Rachana Phadke Ranade | May 26, 2022 | Pending
From video
Mayhem in May | What about June? | CA Rachana Ranade 00:30:37 - 00:31:42
Interpreted Prediction
The IT sector has fallen significantly (23-25% in two months), breaking key Fibonacci levels. While much pain might be over, the speaker is adopting a wait-and-watch approach for a reversal signal before forming a bullish view or entering fresh positions.

Prediction Details

Topic
IT Sector Outlook

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