Nifty CPSENifty CPSE parallel channel and it is about to break out the resistance zone which may bring good up move.
CPSE trade ideas
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.
Short Banks, long Pharma and Commodity based equity may be a good trade.
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 time?
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
CPSE index looks bullishCPSE index has broken the double bottom pattern with a huge volume marking it bullish, moreover it did not participate in recent bull Run.
So BEL, GAIL, SAIL, CONCOR might give gd return in coming weeks. One can look for CPSE ETF also for some quick returns in coing days
CPSE ETF AnalysisIt has a very near resistance but if that resistance is broken then it can do good in coming months... Lets see how this goes?
