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Niftyenergy

26 Feb ’24 — Except Energy, all the other sectors down in N50?Nifty Analysis - Stance Bullish ⬆️ Recap from yesterday: “We are not suggesting that all “roads lead to Rome theory” i.e. everything is bullish, but the probability of things going up seems higher than cutting through the supports of 22051 & 21913. You know us, the moment the supports are broken, we will exit the bullish position at a loss and go neutral.” 4mts chart Almost all the sectors looked weak today, NiftyIT was the main villain - at a point, it was like 1.7% down. The energy sector ended the day with some meaningful gains, excluding that then everything was either in RED or flat. Interestingly, Nifty did not touch or break the 22051 support level today and due to that we do not think a status change is required. The near ATM CALLs side had exorbitant premiums last week, most analysts would have even extrapolated to have a 22500+ close this expiry. Today’s price action ensured normalcy returned to these CALL premiums. Meanwhile, the PUT premiums are not elevated as well, so we do not expect a major breakout or breakdown soon. On the higher timeframe, the flag pattern seems to have played out as per script. Ideally, we should expect the leg2 to start soon, but the premiums are not indicative. Also, we have the monthly expiry this week and things could get a bit volatile before we find a clear trend. We wish to stay bullish and as soon as the 22051 support gets broken - we wish to change our stance to neutral. If 21913 is getting broken in 1 to 2 days - we would even go bearish as the flag pattern will be totally negated. 63mts chart
NSE:NIFTYLong
by viswaram
ADANIPOWER - AnalysisAdani Power Limited is a holding company engaged in providing electric power generation by coal-based thermal power plants and coal trading. Financials: TTM EPS: 27.81 TTM PE: 10.01 P/B: 5.74 Face Value: 10 Mkt Cap (Rs. Cr.): 107,415 Sector PE: 14.22 Book Value Per Share: 48.49 News: Adani Power, the Adani group company, on Thursday(03/08/2023), had posted a net profit of ₹8,759 crore for the first quarter of FY24, registering a robust growth of 83% from ₹4,780 crore in the same quarter last year. Positives: Strong Momentum: Price above short, medium and long term moving averages Company with high TTM EPS Growth Strong Annual EPS Growth Efficient in managing Assets to generate Profits - ROA improving since last 2 year Growth in Net Profit with increasing Profit Margin (QoQ) Growth in Quarterly Net Profit with increasing Profit Margin (YoY) Increasing Revenue every quarter for the past 3 quarters Increasing profits every quarter for the past 2 quarters Annual Net Profits improving for last 2 years Book Value per share Improving for last 2 years FII / FPI or Institutions increasing their shareholding Negatives: Companies with High Debt Inefficient use of shareholder funds - ROE declining in the last 2 years Rising other income, and low operating income Declining Net Cash Flow : Companies not able to generate net cash NOT A RECOMMENDATION. JUST FOR EDUCATION. Thanks.
NSE:ADANIPOWERLong
by babutaaniket
SOLEX - An analysisSolex Energy Limited is engaged in the business of renewable energy solutions. The Company manufactures solar lighting systems, solar panels, solar water pumping products and water heater products. Financials: TTM EPS: -- TTM PE: -- P/B: 14.78 Face Value: 10 Mkt Cap (Rs. Cr.): 555 Sector PE: 72.46 Book Value Per Share: 47.03 Positives: Strong Momentum: Price above short, medium and long term moving averages Strong Annual EPS Growth New 52 Week High Strong cash generating ability from core business - Improving Cash Flow from operation for last 2 years Stock gained more than 20% in one month Negatives: Declining Net Cash Flow: Companies not able to generate net cash High volume, top losers My Opinion: Do your research but don't miss this stock. It is one of the stocks to look forward in the renewable energy sector. NOT A RECOMMENDATION. JUST FOR EDUCATION. Thanks.
NSE:SOLEXLong
by babutaaniket
Breaking Down the Technical of IEX Stock: Is it Time to Buy?In this technical analysis of IEX stock, conducted by technical analyst Afnan Tajuddin, we break down key levels and demand zones to identify a potential buy opportunity and provide a trade plan for maximizing profits. Please note that this analysis is for informational purposes only, and should not be considered as investment advice. 1. Trend Analysis: IEX stock has been in a downtrend for many months, and the downtrend line was broken on 20th February 2023 with good volume. The stock rallied until the strong supply zone of 154, which has been holding the price down for months. 2. Key Levels: The stock price has fallen several times after testing the 154-155 levels. After the downtrend line breakout, the price went up until the 154.60 level and fell sharply till 125 on 29th March 2023. The 125 level is coming under monthly demand zone and this level is a retest of the previous downtrend line breakout as well. 3. Price Action: The price has reacted from the monthly demand zone and the retest of the downtrend line. We can see a big rally of 21% in only 5 days with significant volume, and the level of 155 also got broken. Now, the price is coming down to test the breakout of the supply zone with very low volume. 4. Trade Plan: We can plan our buy trade above 153.5 as a retest of breakout and RBR demand zone, with a stop loss below 148. The first target can be set at 162 and the second target can be set at 172. 5. Exit Strategy: After reaching both targets, it's recommended to extend the targets and trail the stop loss to lock in profits and stay in the trade for further potential gains. This strategy can help to maximize profits while minimizing potential losses. 6. Request: If you like this analysis, kindly like it and for more analysis follow me on TradingView. If you have any questions or comments about this analysis, please ask in the comments box below 7. Disclaimer: This analysis is for informational purposes only and should not be considered as a buy trade call or investment advice. I am not a SEBI registered analyst. Before making any investment decisions, please do your own research and analysis. Overall, based on the technical analysis, the IEX stock looks like a good buy opportunity at current levels with a potential for a significant upside. However, as with any investment, there are risks involved and it's important to consider your own risk tolerance and do your own research before making any investment decisions.
NSE:IEXLong
by AfnanTAjuddin
4
CNXEnergy Nifty EnergyCNXEnergy will be an absolute avoid from a long perspective. One can see that the RSI is losing a lot of strength and the index is unable to make higher highs. We have witnessed this kind of pattern during 2018,2019 and we all know what happened in 2020. It can dupe by a small movement but one need to observe if the index is unable to make a higher high then it will become problematic for the index. The index contains Reliance Industries Ltd. 33.82 Adani Transmission Ltd. 12.35 NTPC Ltd. 10.88 Power Grid Corporation of India Ltd. 10.31 Adani Green Energy Ltd. 10.13 Oil & Natural Gas Corporation Ltd. 6.91 Tata Power Co. Ltd. 5.06 Bharat Petroleum Corporation Ltd. 3.83 Indian Oil Corporation Ltd. 3.44 GAIL (India) Ltd. 3.25 I would absolutely avoid the above stocks as I am not seeing any great gains from long point of view. Disclaimer - Please DYOR, Don't take any market positions based on my analysis.
NSE:CNXENERGYShort
by Cryptified_Soul
1
Analysis of Nifty Energy Weekly Chart by Heikin Ashi and Renko The energy index looks bullish on weekly charts as there are no signs of weakness. As the Heikin Ashi chart has been making green candles also the structure of the chart is good. The overall feel of the chart is good. On daily charts the price is on the bottom of parallel channel and on the same pivots. Renko is also making a green brick. The stock may face high volatility on lower time frames. But from these levels the downside is less.
NSE:CNXENERGY
by ssvirdi
NIFTY ENERGY - Just a view Key highlights: 💡⚡ 📊 Currently NIFTYENERGY is giving breakout of Symmetrical triangle. 📊 and 29304 is its resistance level we can see rally of around 1000 point. 📊 but into RSI level 72 is working as resistance level twice. 📊 Keep an eye on both things RSI as well as price movement. 📊 One can go for long into ENERGY SECTOR. 📊 Example : ADANIGREEN , ADANITRANS , ONGC. ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂 Happy Ganesh Chaturthi, ❤️🙏🏻 we wish that all hindrances and hurdles are cleared for you. Michhami Dukkadam 🙏🏻 Michhami Dukkadam is all about Forgiveness and Kindness!
NSE:CNXENERGYLong
by radha_23
CNXENERGY BREAKOUT-energy stock bullishThe energy sector of our market seems to have given a breakout, it has been in a consolidation for a while now and has shown a healthy correction of 50% according to fib retracement. The pattern it formed was an ideal flag and pole pattern which is a pattern that gives a good momentum when its broken and gives a rally of equal to it's last rally. The RSI stands at 58 and is indicating bullishness. MACD is above the signal line. I believe it's a good opportunity to go long on energy stocks Below I have posted some charts of the energy sector stocks, do have a look at them, these charts are not provided to take trades on them but just to get a better understanding of cnxenergy. Tatapower: Jswenergy: Powergrid: Adanigreen:
NSE:CNXENERGYLong
by this_is_shoaib
NIFTY ENERGY INDEXNote: 1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline, not the big target... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions... 4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks... Keep an eye ladies and gentlemen. Cheers and Happy Trading
NSE:CNXENERGY
by SENSITRADE_T