CPSE ETF IndiaSun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
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By Sun Storm Investment Research & NexGen Wealth Management Service
A Profit & Solutions Strategy & Research
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CPSEETF trade ideas
CPSEETF - Wave CountCPSEETF - Wave Count
Wave 0 = 11.54
Wave 1 = 19.59
Wave 2 = 15.65
Wave 3 Target = 1.5 or 1.618 * (Wave 1- Wave0)
= 1.5 or 1.618 * 8.05
= 12.08 + Wave 2 ( 1.5 times )
= 12.08 + 15.65 = 27.73
OR
= 13.02 + Wave 2 ( 1.618 Times)
= 13.02 + 15.65 = 28.67
Wave 5 Range :
If retraced to 0.5 :
0.618 = 29.28
If retraced to 0.236
0.618 = 32 approx.
CPSEETF - Wave CountCPSEETF - Wave Count
Wave 0 = 11.54
Wave 1 = 19.59
Wave 2 = 15.65
Wave 3 Target = 1.5 or 1.618 * (Wave 1- Wave0)
= 1.5 or 1.618 * 8.05
= 12.08 + Wave 2 ( 1.5 times )
= 12.08 + 15.65 = 27.73
OR
= 13.02 + Wave 2 ( 1.618 Times)
= 13.02 + 15.65 = 28.67
Wave 5 Range :
If retraced to 0.5 :
0.618 = 29.28
If retraced to 0.236
0.618 = 32 approx.
CPSEETF-BUYONGC, Coal India, IOC, Oil India, PFC, Bharat Electronics, REC, GAIL, EIL and Container Corporation of India. GAIL India, Container Corp and EIL have a weightage of 11.25%, 5.08% and 2.28%, respectively, in the CPSE ETF. BUY FOR A TARGET OF 24 EXPECT A RETURN OF 20 PERCENT IN ABOUT 2 MONTHS TIME.ONCE BREAKOUT OF RANGE OF 19.50 YOU WILL SEE REAL POWER