NIfty Energy - turning down - sell the strength

Short

Nifty Energy Index (NSE:CNXENERGY)

Updated

NSE:CNXENERGY Nifty Energy Index

Harmonic Patterns

harmonicpatterns

Oscillator turning - sell rally

Trade closed manually:

Big down day on Nifty energy today - index was down more than 6%. RIL and Oil and Gas PSUs are the key constituents

Comment:

Another &% down on the index. Turn date (bullish) is still some way off into second half of Oct

Comment:

Index has some support around 12930

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