Nifty Energy Analysis , Indian Stock4200 below 41600/41200/41000/40500 can test soon
in support level it can try bounce but expected that bounce will not sustain
CNXENERGY trade ideas
NIFTY ENERGY Primary Bull trend.
This is educational purpose only, consisting of Stock market views based on price action,
Elliott Wave & Fibonacci. Views expressed here are not for investors/traders.
Do your own due diligence before investing/trading.
NIFTY ENERGY Sector Analysis (1W TF) - 16th December 2023NIFTY ENERGY Sector Analysis (1W TF) - 16th December 2023
Pattern: SYMMETRICAL TRIANGLE BREAKOUT
- The entire sector has been on a good up move since beginning of 2023
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Nifty-Energy NSE:CNXENERGY Hi Guys, I want to Update the Nifty-Energy Index Chart i Shared the Nifty Energy chart before it Breakout on 29.11.23 I shared on 26,300 Spot Price
Now we Have 9% Move One Upside so focus Also I share the link to images
I mention images in the comment section, I shared on 29.11.23
Nifty Energy Index at BreakoutLooks like Nifty Energy Index in on a Breakout on Weekly Charts.
Keep Watch on all energy Stocks might just boom. Upside of 1000+ points in the index Itself
Breakout in Nifty Energy...Chart is self explanatory. Levels of breakout, possible up-moves (where index may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NIFTY EnergyIt may possible that crude price may come down considering the current level and we may see some bounce in OMCs. This counter may be track for coming week.
NIFTY ENERGY SECTOR - CHART ANALYSISAnalysis Criteria Used:
1. Please find the Chart Analysis done for the NIFTY SECTORS for the upcoming week and the following days
2. The analysis for the Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your Trade and stick to your Plan
4. Dont overthink or overanalyse
5. Treat this as your Business and get serious about it
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* Please do your own research and/or contact your financial advisor before taking any trading opportunities
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Retest of trendline breakout in Energy sectorEnergy sector stocks have shown support reversal or breakouts in recent times.
Analyzing CNXENERGY, we can see that sector has retested its breakout trendline. Looks bullish !
Bullish BAT in Nifty EnergyBullish BAT in Nifty Energy
Nifty Energy is very weak and fall upto 19900 Levels
CMP 22874 @ Feb 02, 2023
Chart by CA Savita Rehlan
NIFTY ENERGY: BULLISH?NIFTY ENERGY: BULLISH?
As long as 23341 holds support, we can see 29300 again and further 31K-33K n more....
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.
CNXENERGRY - Upward Moving Channel Key highlights: 💡⚡
📈 Index is moving in Upward Moving Channel since 4th Nov 2020 as mention in chart.
📈 Index is taking exact support of lower trend line.
📈 MACD is also giving Crossover.
📈 One may go for swing trade into ENERGY SECTOR.
KEEP AN EYE ON ENERGY SECTOR STOCK.
EXAMPLE - ADANITRANS , RELIANCE
⚠️ Important: Always maintain your Risk & Reward Ratio.
⚠️ Purely technical based pick.
✅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!🥂
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.
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!🥂
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CNX Energy stocks (specially NTPC & Tata Power) above 27800 DCBCNX energy is moving as per chart.
Even during weak market conditions , strong pull up seen in CNX Energy index.
NTPC & Tata Power looking very strong in this market.
Above all necessary daily , weekly and monthly moving averages.
Keep watching these stocks and Index
** For education purpose only**
Nifty Energy DTF Price Chart - Still Weak - Short Candidate#CNXENERGY still a weak sector on DTF basis price action. It seems like a possible H&S Pattern in the making with neckline as the middle of parallel channel. Also since the price is below the MA's and in a down channel my overall view remainsBearish for this sector. Shorts recommended
Energy, Oil & Gas, Power Stocks clearly Avoid Long
Some stocks for the sector are - Reliance, NTPC, GAIL, Powergrid, Tata Power, BPCL, HPCL, ONGC. Find your best stock to short basis OI data and future buildup
Disclaimer -
- The view expressed here are my personal views. I am publishing this for my own records and what I see on charts.
- If you're referring to this, please consider this ONLY FOR educational & research purposes.
- Past performance is not a guarantee for future predictions
- Any decision you take, you need to take responsibility for the same. DO NOT consider this as an investment suggestion.
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- Do your own analysis and consult your financial advisor before investing.
TIA!
Nifty Energy (Weekly)Nifty Energy(Weekly):
1. The sector is currently in uptrend making Low, High, Higher Low and Higher high
2. Also, its taking support at trendline
3. And, another support comes at horizontal levels of 25511
4. Any closing below 25511 will change the structure of the trend
Thoughts Please?
Nifty Energy Index with stock analysis !!Nifty Energy: The index in continuous uptrend, retrenchment will give an opportunity to accumulate stock as mentioned below.
RELIANCE: The low of 18-04-22 weekly bullish candle i.e. Rs 2500 will be a critical level. Any reversal candle the same level will be opportunity to accumulate, otherwise simply avoid.
TATAPOWER: Since Jun’20, the price has not violated the 20 EMA in weekly chart. The stock in range bound (Rs 200 – 300) from past 7 months, the level of Rs 220 will be a key level and opportunity for accumulation.
NTPC: Bullish setup, the price broke the multiyear resistance level with rising volume and currently at retest level. Go long above Rs 162 with Stop Loss of Rs 145.
POWERGRID: The continuously uptrend in parallel channel and EMA 20 acting as key crucial support since Oct’20, accumulate at resistance breakout or at support level.
Thanks
