Nifty CPSENifty CPSE parallel channel and it is about to break out the resistance zone which may bring good up move.
Time to rotate from India PSU to Pharma for a 25% outperformance
If you're in the India PSU trade, they have run up significantly recently.
Even if they want to continue the rally, it is probably time for a weekly tf drawdown.
Pharma on the other hand has been rallying up.
I have rotated from PSU to Pharma. There is 25% upside in a few week timeframe.
Bought ETFI had bought CPSE ETF at 38.85 . Will add more if it breaks high of breakout candle. Trailing stop loss will be 10 SMA of Index on closing basis.
Disc : It's not an investment advise. Do your research.
NIFTY CPSE Index at all time high (ATH) zoneNifty CPSE Index is trading near its all-time high (ATH) zone of 2800. The index has touched 2800 zone multiple times in the last 8 years since 2014. The index hit 2800 zone in Sep'22 and has retraced from the highs.
Will it break this decisive resistance zone this time and reach to new highs this
Structure under Construction Very dangerous structure under construction in #cpse index . When price consolidate near a strong resistance level and break the lower boundary then high probability price continue its trend .
accumulate cpse etf strong chart in weak market
started sip in cpse etf
holding with stoploss :- 2170
expected target :- 2800+
but 2800 is only expected target it can go above further
Nifty CPSE- Inverse head and shoulderNIfty CPSE showing inverse head and shoulder on weekly time frame. Can move towards 2800 levels.
Watchout for the following stocks:
1. NALCO
2. SAIL
3. HAL
4. IRCTC
5. NTPC
See all ideas
Displays a symbol's price movements over previous years to identify recurring trends.
