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NIFTY PSE - CNXPSE : BASE SET FOR A CHOSEN BETCNXPSE or NIFTY PSE - Public Sector Enterprise All of you might be noticing that loads of public sector entities are touching new 52 week highs and even new lifetime highs and commanding a strong uptrend. Rightly so as the wait of around 16 years is worth a really SWEET FRUIT. I was myself never a fan of PSU stocks untill I noticed the changes and strength in this pocket in last couple of years. The core sectors of Defense, power, energy, shipping etc are the constituents and the themes are really hot. One more thing to notice is that the current Government is smart and monetizing it's asset; however they are just not monetizing, rather they are smart to get high and rich valuation of their assets, to reap better dividends and looking to strengthen these core sectors for Nation-wide growth. The coming couple of years may belong to these sectors and the various other PSU. The constituents of this index (PSE) are below; however this move is not limited to these stocks but much beyond that: BEL COALINDIA COCHINSHIP NBCC NHPC NLCINDIA NTPC ONGC OIL POWERGRID SJVN I would suggest close tracking and participation as per your choice with risk predefined.
NSE:CNXPSELong
by AAnandAggarwal
3
CONTAINER CORPORATION OF INDIA. PRICE ACTION ANALYSISCCI stock's price had a breakout above the trendline but for confirmation, we need the price to sustain above 748. This will be the confirmation for the uptrend. Place the stop loss below the demand zone, because this demand zone is expected to support the price. The ultimate profit booking target is given by the XABCD bearish crab pattern's 1.618 fib extension i.e, 914. This is a monthly timeframe analysis, so give time for the price to adjust in case of fall and trail your profits. Happy trading :) This is just for educational purposes.
NSE:CONCORLong
by Sanjan91
BPCL PRICE ACTION ANALYSIS. PRICE TARGETSBPCL is trying to break the resistance at 481, which has not been sustained since last year. If BPCL manages to stay above 481, then we can see momentum to the upside. Go long above 481 and place a stop loss below 440. This is a monthly timeframe analysis, so we can provide some time for the price to adjust in case of a fall. Add more quantity when the price comes to test the trendline on the chart. The targets are given by the XABCD bearish butterfly pattern. This is a very good risk-reward trade setup. Happy trading :) This is just for educational purposes.
NSE:BPCLLong
by Sanjan91
NIFTY PSE PRICE ACTION ANALYSIS. A MULTIYEAR BREAKOUT?Nifty PSE is currently trading at the multiyear strong supply zone which has been tested 3 times since June 2018 but PSE failed to break. We can see a breakout in the daily timeframe's trendline as pointed on the chart. Currently, NIfty PSE is 2.6% away from the top of the supply zone. If this supply zone is broken, we can see momentum in PSE stocks. XABCD bearish crab pattern terminal bar price is placed at 4388, where we could book profits and exit. This process can take months but we will be ready to buy PSE stocks on breakouts. This is just for educational purposes.
NSE:CNXPSE
by Sanjan91