SECTOR BREAKDOWN (FINDING SUPPORTS)

Hello friends in Today's session we saw that power related stocks were beaten up brutally major supports are broken for example IEX, Tata Power, Torrent power, CESC and so on, so I studied on these power sector Giants on Daily time frame chart for if they continues to be beaten like this in coming sessions so where the stocks can take supports for this study I used a self made equally weightage Index too because these all above mentioned stocks are related to power sector but as we all know that there is no particular index listed for power stocks, for making this index I am sharing that below.

IEX SUPPORT-:

TATA POWER BREAKDOWN-:

TATA POWER SUPPORT-:

TORRENT POWER BREAKDOWN AND SUPPORT-:

CESC BREAKDOWN AND SUPPORT-:

EQUALLY WEIGHTADED INDEX-:

Hope this idea will help for accumulation or addition of favorite ones from these Good quality stocks.

NOTE-: This is not and trade or investment advice. This idea is meant for learning only. Invest your capital at your own risk


𝐑𝐞𝐠𝐚𝐫𝐝𝐬-: 𝐀𝐦𝐢𝐭 𝐑𝐚𝐣𝐚𝐧

Comment:

STOCKS FOR THE DAY 👍

Comment:

INCREASING SELLING PRESSURE IN ALL FOUR STOCKS, AFTER TATA POWER IEX STANDING ON A VERGE OF BREAKDOWN

Comment:

AGAIN IT WAS NOT A GOOD DAY FOR ABOVE MENTIONED STOCKS IN IDEA

Comment:

LOOKING LIKE A SHORT COVERING DAY IN POWER STOCKS

Comment:

GAINED GOOD LOOKING REVERSALS