Nifty Energy DTF Price Chart - Still Weak - Short Candidate#CNXENERGY still a weak sector on DTF basis price action. It seems like a possible H&S Pattern in the making with neckline as the middle of parallel channel. Also since the price is below the MA's and in a down channel my overall view remainsBearish for this sector. Shorts recommended
Energy, Oil & Gas, Power Stocks clearly Avoid Long
Some stocks for the sector are - Reliance, NTPC, GAIL, Powergrid, Tata Power, BPCL, HPCL, ONGC. Find your best stock to short basis OI data and future buildup
Disclaimer -
- The view expressed here are my personal views. I am publishing this for my own records and what I see on charts.
- If you're referring to this, please consider this ONLY FOR educational & research purposes.
- Past performance is not a guarantee for future predictions
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TIA!
Short