PSU stocks can outperform againThe PSE index has gone through a decent correction and is now showing early signs of a fifth wave beginning. If so, this sector can outperform the market again.
Nice & Clean Head and Shoulders in NIFTY PSENSE:CNXPSE (public sector enterprises) has formed a nice H&S which seem on verge of breakdown. Wait for it to happen and do not preempt it though.
If it does breakdown from here then it could fall 15% or more from current levels to below 8000.
Public Sector stocks start wave iii downAfter 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.
PSE Sector RSI Strategy 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 bo
NIFTY PSE 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 SectorPSE sector looks promising in the following days ahead as it breaks out long term resistance reaching ATH
NiFTY PSEPSE 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.
NIFTY PSEIt seems broking out all time high for the whole sector is it is crosses above 4700 level. This is yearly chart and there is huge consolidation since 2007. If broken out then it may create huge wealth for investors.
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
NIFTY PSE - analysisNIFTY 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.
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Displays a symbol's price movements over previous years to identify recurring trends.
