Nifty PSE Breakout Ahead ?Hello fellow Traders!
Hope you're all having a fantastic trading session! Today I bring you an in depth analysis of the Nifty PSE Index, which is at a crucial turning point. With price testing key resistance and the 200 EMA, will we witness a breakout or another rejection?
This setup could define t
NIFTY PSE Daily.One sector which can outperform the market if it stays bullish is Nifty PSE definitely. Although, the public sector stocks have given good run up till now, but if market supports, this index can reach new ATH as its stocks are highly bullish even after negative trend for the past 8 trading sessions.
CNXPSEI first mentioned about PSEINDEX coming out of multiyear consolidation and give a major breakout during one of the video which I posted in August 2022. Link is there in related idea section and listen from 12:30 mins.
The index is on the verge of multiyear breakout and possibility of giving a highes
NSE PSE Weekly TFNIFTY PSE at important junction.
AT 4327 it's 12 years' horizontal TL resistance and
at 4455 it's 5 years' horizontal TL resistance.
A close above 4456 will confirm Cup and Handle formation. If it closes and sustains above 4455 the the PSE sector will be in an unchartered territory.
Main hurdle
NIFTY PSE - CNXPSE : BASE SET FOR A CHOSEN BETCNXPSE or NIFTY PSE - Public Sector Enterprise
All of you might be noticing that loads of public sector entities are touching new 52 week highs and even new lifetime highs and commanding a strong uptrend.
Rightly so as the wait of around 16 years is worth a really SWEET FRUIT.
I was myself never a f
CNXPSEThe supply zone is 15 years old resistance zone. Everytime PSE index has come near this zone, it has almost went down to the lower green zone.
But from last 1 year it's consolidating near this zone and expecting that this supply zone can be taken out in another couple of months may be to make a new
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Displays a symbol's price movements over previous years to identify recurring trends.