NIFTY ENERGY IN TRINGLE PATTERNAs per analysis FII are taking there money out from It stocks and Putting in energy stocks
Nifty Energy index is in triangle pattern after breakout we may see all time high being broken
Be ready now you can see tata power, adani power,Reliance , all other energy stocks moving well
It's my analysis do your own before investing
CNXENERGY trade ideas
CNXENERGRY - Upward Moving ChannelKey highlights: 💡⚡
📈 Index is moving in Upward Moving Channel since 4th Nov 2020 as mention in chart.
📈 Index is taking exact support of lower trend line.
📈 MACD is also giving Crossover.
📈 One may go for swing trade into ENERGY SECTOR.
KEEP AN EYE ON ENERGY SECTOR STOCK.
EXAMPLE - ADANITRANS , RELIANCE
⚠️ Important: Always maintain your Risk & Reward Ratio.
⚠️ Purely technical based pick.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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CNXENERGY - DAILY TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: its my view only and its for educational purpose only. only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive moves).
Just ride the bullish or bearish impulsive move. Learn & Know the Complete Market Cycle.
buy low and sell high concept. buy at cheaper price and sell at expensive price.
Keep it simple, keep it Unique.
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NIFTY ENERGY - Just a view Key highlights: 💡⚡
📊 Currently NIFTYENERGY is giving breakout of Symmetrical triangle.
📊 and 29304 is its resistance level we can see rally of around 1000 point.
📊 but into RSI level 72 is working as resistance level twice.
📊 Keep an eye on both things RSI as well as price movement.
📊 One can go for long into ENERGY SECTOR.
📊 Example : ADANIGREEN , ADANITRANS , ONGC.
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Happy learning with trading. Cheers!🥂
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CNXENERGRY - TOWARDS BREAKOUT Indian energy sector is moving towards its resistance which is 26285 level.
Keep an eye on volatile Metal stocks
eg. ADANITRANS , NTPC , BPCL
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Nifty Energy downAs i have already mentioned in my previous analysis. I clearly stated that Nifty energy will be down for upcoming few weeks. Because the market was getting help with energy sector and backing it up for last few weeks. Now that support breaks, so we can say that it will be further down.
Nifty Energy IndexNifty energy index has given a nice up flag breakout last week on a weekly chart. Now we can expect this index to go up to 6500 on weekly basis. Please keep an eye on Reliance, Tata Power, Jsw energy, Suzlon etc. If you see a breakout on energy stocks, take a position for medium term.
Target- 6500
CNXENERGY (OIL & ENERGY - NSE) Analysis For December 08, 2021NIFTYENERGY INDEX failed to break the top 23235 and it has formed TRIPPLE TOP pattern. Be watchful for the level of 23160, below that it may change direction to down trend. Important supports are 23090, 23045, 23000. Important resistences are 23320 & 23370. Current trend view is neutral to down trend below 23320.
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Major Support level / Invest Idea #3NIFTY ENERGY: 10% upside potential.
When it reaches 15600-700
Look for Swing buy in top 5 companies:
RELIANCE
IOC
BPCL
HINDPETRO
ONGC
DISCLAIMER: TRADE AT YOUR OWN RISK. KINDLY TAKE DECISIONS INDEPENDENTLY AND DO NOT CONSIDER THIS ANALYSIS A RECOMMENDATION.
Thanks,
Cheers to short term Investments!
Best luck - 'Siddharth Sehgal'
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