Nifty Infrastructure SellThis index complete Weekly time wave 4 correction . Wave downside target 8000
Sectoral Analysis in the beginning of the monthWe use our Customised Indicator called ECG to mark the most important support and resistance zones for the price in the respective time frame. Here we have plotted the index charts on day time frame which gives us the levels for positional trades which are valid for the whole month of August 2024..
NIFTY INFRA (L&T^)nifty infra , made cup now take consolidation due to making of handle , but on stock wise my pick is (l&t)
Sector Analysis Four sectors that are outperforming NSE:NIFTY
{A} NSE:BANKNIFTY Though not by big margin definitely out performing NSE:NIFTY . Break above 42000 will be a great sign.
Stocks to watch out; 1) NSE:CANBK 2) NSE:ICICIBANK 3) NSE:INDUSINDBK 4) NSE:SBIN
{B} PSU Bank . 1) NSE:CANBK 2) N
Infra-sectorDon't miss this opportunity
Stoploss 3% target 10-15%
Timeframe 1-2-3 months
Weekly closing bullish
Trade via infrabees etf
Stoploss below the same breakout candle
Nifty Infra - daily chart Nifty Infra daily chart
- Trend intact HH-HL seen
- within a consolidation box
- Above 50DEMA
- RS strong shows outperformance to Nifty
Only for educational purposes, not a buy/sell recommendation.
NIFTY INFRA WEEKLY CHART Had given 11 yr breakout , keep an eye on stocks like diip buildcon ,ncc , jkil .irb infra .might give 50% return in 1 yr
Nifty Infra - Trend Following MoveNifty Infra is moving inside a channel and recently has faced rejection before reaching 50% of channel body.
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Displays a symbol's price movements over previous years to identify recurring trends.
