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NIFTY ENERGY - Just a view

Long
NSE:CNXENERGY   Nifty Energy Index
Key highlights: πŸ’‘βš‘

πŸ“Š Currently NIFTYENERGY is giving breakout of Symmetrical triangle.
πŸ“Š and 29304 is its resistance level we can see rally of around 1000 point.
πŸ“Š but into RSI level 72 is working as resistance level twice.
πŸ“Š Keep an eye on both things RSI as well as price movement.
πŸ“Š One can go for long into ENERGY SECTOR.
πŸ“Š Example : ADANIGREEN , ADANITRANS , ONGC.

⚠️ Important: Always maintain your Risk & Reward Ratio.

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