Nifty Energy Expected Price and RSI movementNifty energy should move down from the current levels in coming week or so , then once at support should get a good pull back
CNXENERGY trade ideas
CNXENERGY Daily Chart, Ready for some big moveLooks like CNXENERGY is ready for some big. Perfectly taking support on trend line. 50 SMA also supporting it
CNXENERGY 15 Chart Taking Support on 50 SMAYOU CAN check CNXENERGY, whenever it takes support on 50 SMA on 15 min chart. you can see what it does. This is for education purpose only
NIFTY ENERGY bouncing from supportWhenever it has bounced from support, the rally shown is really good. Watch out for stocks in nifty energy i.e. Reliance, ONGC, GAIL, BPCL, IOC, etc. HIT the like button if you liked my analysis and do FOLLOW for regular swing trading ideas.
NIFTY Energy (Long Play)Expected Sectorial Move
# 13% up from current levels
Then
# 13% Correction
#Then 23% upside
# BPCL/HPCL/IOC/GAIL
Nifty Energy- Cup and Handle BreakoutNifty Energy on the verge of cup and handle breakout. Reliance is leading the way for this but other components such ONGC, Tata Power, Adani Green, NTPC and Power Grid can move this forward.
Energy has exhausted its energy to sustain in Market.With the help of parallel channel and flag pattern, Nifty Energy is clearly showing downfall which will lead to shares likes Reliance Industries, ONGC, HPCL, Gail etc will also show weakness in the coming days. Traders can look for some shorting opportunities in these shares. This analysis is also supported by the ongoing news of diverting oxygen from industries to the NSE:RELIANCE medical health care system. NSE:ONGC NSE:GAIL
Nifty energyNifty energy in bad shape. Has broken an important support line. If Reliance moves, there is a chance of return else this is going down more.
Energy Index -- Can retrace or up move from here#niftyenergy Can retrace up to 18200-18180 or can be an up move from here...
Pullback completed in Nifty Energy Index.* Pullback completed in Nifty Energy Index.
*Inverted H & S pattern Breakout.
*Track this stocks from CNX ENERGY INDEX
Bharat Petroleum Corporation Ltd.
GAIL (India) Ltd.
Hindustan Petroleum Corporation Ltd.
Indian Oil Corporation Ltd.
NTPC Ltd.
Oil & Natural Gas Corporation Ltd.
Power Grid Corporation of India Ltd.
Reliance Industries Ltd.
Tata Power Co. Ltd.
Thanks for reading and kindly let us know if you have any questions!
CNXENERGYBullish structure:- Breakout and Retest. // Inverted Head and Shoulder Pattern
Keep an eye on energy stocks, can give good return in upcoming days.
Use for Education Purpose.
Trade according to your analysis.
Note:- This is my Personal view. Contact your Financial advisor before taking any Investment decision.
Nifty Energy index - 1D chartonce it gives a breakout, stocks in this category can be considered for swing
