If NIFTY PSE Index Moves towards Midian -> Upper Band of parallel channel,
Who Tooks Initiatives? Think Heavy Weights. Top constituents by weightage (Name(WEITAGE%) NTPC'(13.23%), ONGC'(11.83%), POWERGRID'(11.12%), COALINDIA'(9.11%), IOC'(8.82%)......
Some Fundamentals: P/E => 10.94, P/B => 1.48, Div Yld => 4.32, Correlation (NIFTY 50): 0.69(1 Year), Std. Deviation(Average daily standard deviation annualized): 14.82 Near All Time LOW (Compare to: #1 Since Inception It is 26.62  5 Year Avg. 18.71)
Returns (%): QTD => -8.87%, YTD => -18% All Data Based on as per June 29, 2018 data realeased by NSE.
Can Accumulate for a SHORT Term Gain.
Due details plotted on Chart.
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Approx 7% Up move in 21 trading days (in a month).