Nifty Energy Double bottom formation on Daily Chart
Support 35417
Chart pattern W
it coulde done enough consolidation as all RSI below 40
Search stock those who have good fundmentals and ROE , ROCE
Nifty Energy SellNifty energy weekly time period complete wave 5 upside and price again come downside Wave A,B or C
CNXENERGY...New destinationCNXENERGY... now at 24900
Based on my study it may touch 64k in future...
So return can be 2-2.5X
##Power will be the new FMCG
NIFTY ENERGY: DE-ENERGIZED?it will need time to get charged back. The scrip may go down for a while and correct till 38500, after that it may go back northwards. Long term bullishness may stay intact.
India's Growth Story - Top 5 Sectors which will be in Lime-LightA Quick Overview of Global Major Economies
Japan, US, UK, Australia, Germany are officially in Recession
USA has not declared Recession officially as it is just covering up the underlying problem
Chinese Economy is in serious turmoil
Now where does India Stand?
Which Sectors within Ind
cnx energy cnx energy current hot topic in market. but we seen some profit booking 1st.
dont blindly enter at this stage. wait for correction and then decide.
min 5 to 10% correction possible.
Guru Drona (Market) Vs Smartest Disciple Arjun (Investors)The Market has the habit of Shrugging-off Weak Hands every once in a while by creating a "Panic Sell-Off" Scenario. The most popular arguments that we get to see are
1) Long Term Investors - Be Patient - ignore noise - avoid looking at markets daily
2) Traders - Every stock has to have a SL. Else
cnxenergyNegative divergence seen on #cnxenergy on Daily timeframe, we would be looking at a crack of minimum 1800-2000 points here. Traders can look for week energy stocks and short them. Traders should stop out once the index trades and sustains above 33800!
Can 1st Week of 2024 avoid the Thunderstorm of Dec 20, 2023 ???Remember the Great Sudden Multi-Sector Fall of Dec 20, 2023 where Almost all Sectors of NSE/BSE fell together ???
Refer our 8 Part Series - Decoding the Mystery of the Dec 20 Fall for more explanation of why we faced Major Selling Pressure Across Sectors
Is there a possibility of something Similar
See all ideas
Displays a symbol's price movements over previous years to identify recurring trends.
