After breaking an ED PSU stocks are now making a lower low on daily charts. A clear indication that the fall is not over and we will go to the next retracement level.
Daily crossing 60 Weekly Above 60 Monthly Above 60 (Track sector stock) Darvas boxes are a fairly simple indicator created by drawing a line along lows and highs. As you update the highs and lows over time, you will see rising boxes or falling boxes. Darvas box theory suggests only trading rising boxes and using the highs of the boxes that are breached to update...
It seems some more time is required to get it out of woods in ratio chat. So for a while book some profit here and find something else. One may try metals. It is coming out of good consolidation but the problem with metals is volatility. If one can handle its good space to be currently
PSE sector looks promising in the following days ahead as it breaks out long term resistance reaching ATH
PSE Sector is expected to give a run up in the next few days where Nifty is expected to retrace in this period. It might probably reach upto the Trendline resistance and then analyse further at that time.
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 - Analysis 1. The most risky sector out there. 2. RSI loosing strength near 2008 highs!! 3. Do not enter PSU stocks right now! 4. Buy only post breakout from supply zone.
After 13 years big breakout possible in PSE SECTOR. Keep eye on this sector. 4545 major level. if close above this then min. 16% to 35 % upside seen #cnxpse #bhel #coalindia NOTE:- ALL VIEWS ARE EDUCATION PURPOSE ONLY. BEFORE TAKEN ANY POSITION PLZ CONSULT YOUR FINANCIAL ADVISOR.
Public 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,...
Nifty PSE vs Nifty 50 uptick indicates Public sector is likely to perform better in the coming days
Ratio chart of CNX PSE to Nifty - breaking out from a long downtrend