S & P BSE Power Index Near to Breakout* After Long Consolidation S & P BSE Power Index showing strength to breakout. If monthly close will happen above upper boundary then this POWER index outperform to SENSEX .
S & P BSE Power Index STOCKS-
Scrip LTP
POWERGRID 232.2
ADANITRANS 769
BHEL 40.4
TATAPOWER 91.15
SIEMENS 1,839.65
TORNTPOWER 364.8
ABB 1,523.00
CESC 611.6
THERMAX 1,162.65
KEC 431.4
ADANIPOWER 55.8
NHPC 25.8
ADANIGREEN 1,118.40
NTPC 104.3
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POWER trade ideas
S&P BSE Power Index - Potential breakoutA couple days back i shared the charts for Tata Power & Adani power which broke out. Also i mentioned RJ casually talking about the power reform bill being on the ministers desk for signature. This sector has been crying out for reforms in over a decade or longer.
The power index after 10 long years could be breaking out and potentially trying to soon form a higher high on a technical level.
Watch for stocks in this space.
Many of the stocks in this index are showing a lot of strength in the last couple days and if this index does breakout, expect a massive move because many stocks trade even below their book value and a lot below their replacement costs.
