CPSE - Public Sector Equity can outperform NIFTY 11%
CPSE is squeezing on the weekly. (See the RSI Squeeze)
Whichever the direction it takes, it can outperform NIFTY 10%
Likely upwards.
CNXPSE trade ideas
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. It is taking support from lower levels and constantly trying to move up, if market supports we can see good buying in Nifty PSE.
Stocks like HAL, PFC, REC, BEL, BHEL, etc. should all move good specially with election reesults coming early next month, it should show new highs as chances of current government staying back in the centre strengthens in the market.
Do your own analysis before trading. Only for educational purposes.
Book profits in PSEPSE index is near resistance.
Start booking profits
Wait for retracement to 5700 levels.
CNX PSE Wave 3 Seems overNSE:CNXPSE seems to have completed Wave 3.
Shall consolidate in wave 4 correction.
PSE stocks are overcrowded bus.
Time to offload late passengers.
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 highest monthly closing ever is more than ever before.
Keep scripts related to this sector in your radar as they are going to outperform in my opinion.
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 is violet horizontal TL.
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 fan of PSU stocks untill I noticed the changes and strength in this pocket in last couple of years.
The core sectors of Defense, power, energy, shipping etc are the constituents and the themes are really hot.
One more thing to notice is that the current Government is smart and monetizing it's asset; however they are just not monetizing, rather they are smart to get high and rich valuation of their assets, to reap better dividends and looking to strengthen these core sectors for Nation-wide growth.
The coming couple of years may belong to these sectors and the various other PSU.
The constituents of this index (PSE) are below; however this move is not limited to these stocks but much beyond that:
BEL
COALINDIA
COCHINSHIP
NBCC
NHPC
NLCINDIA
NTPC
ONGC
OIL
POWERGRID
SJVN
I would suggest close tracking and participation as per your choice with risk predefined.
Public Sector index looking good to buy holding levels in fallinBuy index of cpse through ETF for 10-15% returns looks very strong on chart can reach to target of @4687
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 H
NIFTY PSE All time level breackout 🤑🤑 12yearThe nifty pse index all time level breackout, last time the nifty pse index all time breackout in Jun 2003 the index move in more than 350%, this time the index all time level breackout in after 12 Year. We are bullish in the this index chart. my view the index move more than 400% in this time. What is your view please share...
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NIFTYPSE INDEXNifty PSE index is on the verge of giving a good breakout
Daily / Weekly / Monthly RSI are favorable
If this breakout is successful, then it will be a breakout of 15 years
NIFTY PSE: 4403NIFTY PSE: 4403
As long as 3855/3590 holds support, we can see new towards 4800, 5000+.
Turn around in NIFTY PSE sectorTurn around in PSE sector? Typical long term Wyckoff consolidation in the sector and might overperform NIFTY 500 once it breaks 4680 - 4700. Interesting names in the sector are BEL and HAL.
Nifty PSE at Inflection Point!!!Nifty PSE Index is trading at inflection point and traning near upflag breakout zone.
Possibility of a Double top formation on NIFTY PSE INDEXNIFTY PSE Forming a double top pattern on daily timeframe.
My suggestion would be to short stocks that are looking bearish in this space.
Note: This is only for educational purpose and not a stock advice.
Please share/comment if you like the idea.
Extentions inside an impulseAfter a 5 wave advance the Nifty PSE index , is making a higher high. The implications are that the move upwards is not over and extending into multiple legs. 13 waves or 17 waves only time will tell. We know that it is not over and that is a good starting point.
The time of the PSU'sWith the markets being at an ATH and no real value visible in more PVT companies nor commodity companies..is it FINALLY the time of the PSU's.
From PSU banks like SBI & Canara Bank in the banking sector to ONGC, BPCL and GAIL in the Oil an Gas space to Concor (Idea shared last week) and Coal India.
NALCO in the metal space is close to a 10 year breakout too. (Idea shared)
These spaces have HUGE value and could our markets now be ready to unlock value in these companies. Some of these mentioned stocks are showing tremendous strength and the index too is now on the verge of breaking out for PSE's..
Watch many of these companies closely over the next fortnight..there could be some huge opportunity. The PSE index looks primed to make a 3 year breakout.
NIFTY PSE PRICE ACTION ANALYSIS. A MULTIYEAR BREAKOUT?Nifty PSE is currently trading at the multiyear strong supply zone which has been tested 3 times since June 2018 but PSE failed to break.
We can see a breakout in the daily timeframe's trendline as pointed on the chart. Currently, NIfty PSE is 2.6% away from the top of the supply zone. If this supply zone is broken, we can see momentum in PSE stocks.
XABCD bearish crab pattern terminal bar price is placed at 4388, where we could book profits and exit.
This process can take months but we will be ready to buy PSE stocks on breakouts.
This is just for educational purposes.
nifty PSE Nifty PSE at crucial levels. Here on INDEX can move higher if resistance breaches in upcoming weeks.
Sector rerating towards major uptrendRounding bottom breakout observed, confirm trend with retest of descending trendline.
PSU company vs Nifty 50 trend PSU companies about to rallying
ONGC,GAIL,COAL India,BHEL,BPCL keep on radar.
