Nifty Energy to outperform Nifty in coming days.
Both Long term and short term trend became bullish.
Very positive changes are happening in this
sector and
Charts are looking bullish .... : :)
Few stocks to track in this segment are
Power grid
Tata power
Ntpc
Coal India
PFC,REC,PTC...
Note:
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...
Hello guys i had find this selling setup in 4h timeframe which is at upper channel resistance and also broken structure we have a good opportunity to do swing trade here with above swing sl and below channel tg also plzz guys do your oen analysis before taking any trade if you like my analysis plzz like share and follow thank you
* Pullback completed in Nifty Energy Index.
*Inverted H & S pattern Breakout.
*Track this stocks from CNX ENERGY INDEX
Bharat Petroleum Corporation Ltd.
GAIL (India) Ltd.
Hindustan Petroleum Corporation Ltd.
Indian Oil Corporation Ltd.
NTPC Ltd.
Oil & Natural Gas Corporation Ltd.
Power Grid Corporation of India Ltd.
Reliance Industries Ltd.
Tata Power Co....
After Good amount of consolidation IGL near Tringle Breakout
Looks good above 487 if give resistance Zone breakout
For Safe Entry can wait price to break 490 level
View Negates below 470 levels
NIFTY ENERGY SECTOR is forming and inverted head and shoulder pattern. The sector has broken out on weekly TF. The stocks in this space can move great over the next few weeks.
Your SL in this sector would breaking of right shoulder low.
Look for stocks like Tata Power, Adani Power, GAIL, BPCL expect a good run up in these stocks.
Wait for the levels to break or bounce
All these levels have been drawn based on Bigger time frames I.e 4hrs , daily.
This is my view and now lets hope for the best!!!
Whats your view comment down below!/.
Monthly Charts force us to take a step back and give us no choice but to identify the direction of the primary trends. We use these charts to put shorter-term trends into context and this exercise is particularly useful when the market is experiencing heightened volatility. Reliance Industries closed April near the highs of the month and is only 10% off its...
Key Levels for BPCL:
UPPER BREAKOUT~366.65
FIRST TARGET~373.90
INTERIM RESISTANCE~382.45
FINAL RESISTANCE~391.70
LOWER BREAKOUT~354.75
FIRST TARGET~347.50
INTERIM SUPPORT~339.55
FINAL SUPPORT~332.95
Please trade with caution and consult your financial adviser before trading.
Key Levels for BPCL :
UPPER BREAKOUT~362.65
FIRST TARGET~373.20
INTERIM RESISTANCE~389.05
FINAL RESISTANCE~400.95
*****************************
LOWER BREAKOUT~348.15
FIRST TARGET~340.25
INTERIM SUPPORT~330.35
FINAL SUPPORT~320.65
Please trade with caution and consult your financial adviser before trading.
Key Levels for BPCL :
Upper Breakout~349.70
First Target~357.15
Interim Resistance~361.55
Final Resistance~371.35
**Lower Levels**
Lower Breakout~339.85
First Target~334.90
Interim Support~329.30
Final Support~322.50
Please trade with caution and consult your financial adviser before trading.
Key Levels for BPCL are :
Upper Breakout~345.80
First Target~350.70
Interim Resistance~355.60
Final Resistance~360.05
**Lower Levels**
Lower Breakout~338.65
First Target~335.10
Interim Support~331.05
Final Support~325.70
Please trade with caution and consult your financial adviser before trading.
