What is collagen ?

Collagen is a type of protein that body produces .*Its fiber-like structure is used to make connective tissue.*Collagen is composed mainly of the amino acids glycine, proline, and hydroxyproline. These amino acids form three strands, which make up the triple-helix structure characteristic of collagen (Source).

Collagen is found in connective tissue, skin, tendons, bones, and cartilage. It provides structural support to tissues and plays important roles in cellular processes, including :

• tissue repair

• immune response

• cellular communication

• cellular migration, a process necessary for tissue maintenance

As people grow older, their collagen becomes fragmented, fibroblast function becomes impaired, and collagen production slows .

These changes, along with the loss of another key structural protein called elastin, lead to signs of aging such as sagging skin and wrinkles

1. Head&Shoulder pattern with head peak on 4th of Jan when #CNXIT was at ~39400 .This makes chart looks very bearish ,we may see a retest to confirm it though. You can see the same pattern on the attached chart as red triangles .

2. There is a downtrend channel forming on daily time frame starting from 24th Sep 21 which is shown as yellow channel in the attached chart . This provides a good short term support to #NiftyIT and looks somewhat bullish at least for short term

3.There is another downtrend channel started on 4-Jan 22 which is shown as blue channel on the chart. Again, this can also offer good support for #CNXIT & makes it bullish for short term but more bearish in long term as now we can find two different channels pushing #NIFTYIT down

4.Lastly , #CNXIT looks oversold on RSI which can offer bullish trend for short term , unless it rebounds back to downtrend from MA of RSI So summary for CNX IT for short term will be : H&S : bearish Yellow & Blue channel & RSI : bullish Not a reco.