CNX IT Index – Bullish Head & ShoulderNifty IT IndexNSE:CNXITArvind_Share_AcademyCNX IT is forming an Inverse Head and Shoulder pattern while also showing a bullish market structure with higher highs and higher lows after a Change of Character (ChoCH). Price is testing the neckline and the 200 EMA, making this a crucial resistance zone. A sustained close above 27,900–28,000 would confirm a Break of Structure (BOS) and strengthen the bullish outlook. Volume has declined during the pullback, indicating weak selling pressure. Wait for a confirmed breakout before taking any position. Disclaimer: For educational purposes only. Not an investment recommendation. Please consult your registered financial advisor. I am only a SEBI Certified Research Analyst.