This is follow-up on Nifty Infra. Can check link to related ideas. Target 1 achieved. Gain of more than 40%. Target 2 is ON. Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered....
INFRA SECTOR STARING AT A MULTI-YEAR BREAKOUT! This is a good time to invest. Reasons : 1. Multi-Year Breakout 2. Head and Shoulder Pattern 3. Rent Culture taking over India ?
Nifty Infra Index has made a double top on daily timeframe we would see a drop in Infra sector since then.
As we can see infra sector gave heavy support bounce back on 0.38 fib level.. might see a up movement again especially cement sector
Enough movement, this week this index will see a little down move, consolidation will be nice.
Ready to give multi-year breakout. Chances are high for breakout if happens then ready to buy infra sector stocks to book good handsome profit.
The sector is looking strong overall. Can start picking up strong candidates like LT and Reliance or go via ETF (Infra Bees)
As per the chart, it has been taking the lower line of the channel as support. Can expect an up move in near-time future.
CNXINFRA 1. rising wedge pattern price movementum 2. histrical this weekly expected target important level 4632 to 4728
Nifty InfraGiven BO after 11 Years and can now perform from here tremendously. Keeping watch on stocks of infra it's a multi-year BO and Cup Formation on Weekly and Monthly Pattern returns can be 30 to 50%. Buy and hold stocks
CNXINFRA Breaking Out after 13 years Chart is self explanatory #CNXINFRA is breaking out after 13 years. Lets see which infrastructure stocks gives good move. for the duration of 6 to 12 month of time frame. We have already added few stocks will add some more in coming days
An example of how to plot any stock/index against another stock/index to see if it is strong or weak as compared to the other. Here, we are comparing Nifty Infra index with Nifty 50 index to see if infra sector is going weak or strong as compared to nifty 50. As evident from chart, infra sector is showing weakness against Nifty 50.
it is having bullish butterfly pattern and target for this index is 4280