I had bought CPSE ETF at 38.85 . Will add more if it breaks high of breakout candle. Trailing stop loss will be 10 SMA of Index on closing basis.
Disc : It's not an investment advise. Do your research.
Nifty CPSE Index is trading near its all-time high (ATH) zone of 2800. The index has touched 2800 zone multiple times in the last 8 years since 2014. The index hit 2800 zone in Sep'22 and has retraced from the highs.
Will it break this decisive resistance zone this time and reach to new highs this time?
Very dangerous structure under construction in #cpse index . When price consolidate near a strong resistance level and break the lower boundary then high probability price continue its trend .
CPSE index has broken the double bottom pattern with a huge volume marking it bullish, moreover it did not participate in recent bull Run.
So BEL, GAIL, SAIL, CONCOR might give gd return in coming weeks. One can look for CPSE ETF also for some quick returns in coing days
The CPSE ETF is made up of equity investments in 12 of India’s largest public sector companies. Owned 55% or more by the Government of India and listed on the NSE.
It is an Index fund. CPSE ETF Full form is Central Public Sector Enterprises. It's an Exchange, Traded Fund.
The government of India wanted to divest some of its holdings in CPSE and decided to divest...
