CNX IT

20th July

Updating after quite a while. But I have regularly updated on tweeter.

CNXIT ended wave IV near wave 4 of lower degree and went ahead with Wave V. It has completed minimum target for wave V at 10146 (sub wave 5 of V = sub wave 1 of V) and now it is correcting. The Index refused to trade below 68.2% retracement level of wave V and started moving up. This means it wants to complete the ideal target of Wave V which is at 10410 next.

7th Apr

Juggling seems over. Also Wave 'B' should be over at 9356. Initiation of wave 'C' expected.

BUY at 9360 with stop below 9335.
Next BUY level is at 9300 with 25pt stop.

Hourly

4th Apr

Some juggling between 
9400 & 9565

Week of
31st Mar

Wave C of 4 in progress. Target zones are 9413/9566

UPDATE
10th Mar

Retraced exactly from the target zone. Now should visit the lower target zone shown in the chart.

UPDATE
28th Feb

Wave count on Hourly chart.
Seems well on course to the target zone as indicated in the previous Daily chart.

Here is the chart I had posted on 5th Feb.
It has moved a great deal after that but still there is room fir upside.

Chart

Here is that chart.