Energy is doing good and has shown mere signs of weakness and is trying to break the Previous Highs for the 3rd Time.
If you have been in the Markets Long enough you know, 3 is a significant number when it comes to supports / resistances and Breakouts.
A breakout above the highs will put it into unchartered territories and if NIFTY kept its Trend and no...
The CNXENERGY index is showing ominous signs.
These stocks haven't been doing too well recently but have enjoyed a sustained uptrend.
It's time for reversal now. The fundamental picture is not at all good and this move downward is just getting started.
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