Niftypse
NIFTYPSE INDEX >>MAKE OR BREAK LEVEL ??Hello to everyone
NIFTY PSE INDEX Trading near all time level Of 4687 and strong resistance zone of 4380-- 4580. This zone is acted as strong resistance in past trading sessions. Price resisted number of time at this zone and slopes down towards the support zone . If price able to break this zone and ATH level than we can see new all time high level of the nifty pse index , and if price respects the resistance zone than price again slopes down. As per the chart setup , Here the higher probability of that price will breach the resistance zone and ATH level and will makes new high price.
If this breakout happen than all PSE Stocks can show good momentum and can give good returns
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad.
CNX PSUPublic Sector Enterprise has seen a Bearish Harmonic Deep Crab Reversal.
Currently near a support, if this fails to hold here @ 4270. If this fails to hold then the next major support for the sector is near 4100. Short covering would trigger above 4325.
This was one of the strongest sectors since MARCH revival with Govt plans to Divest stake in several of them, lets see what Govt does if the trend continues like this.