CNXENERGY - Looks BullishA Low risk set up in this sector.
SL can be a break below last week's low (the invalidation point for this 4th wave down is 29304, and the price has reversed from 29313)
Perfect set up for longs on this counter..
Channel Bottom
Closed above previous week's high
First bounce (FEB 2nd week) was sold in to.. and this is second bounce.. So ideally, strength should emerge)
On Daily TF, recent Swing High has been broken, waiting for the breakout above falling trendline
Go through the components of this sector to find the best pick for your investment journey
I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective (FOR or AGAINST your views). Please don't trade FNO based on my views. If you like my analysis and learnt something from it, please give a BOOST. Feel free to express your thoughts and questions in the comments section.
