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.
From Oct 2021 , NSE:BPCL has continuously made LH-LL in daily Time Frame.
Now Price has Approached pandemic level and also its demand zone comes from the higher TF such as Weekly & RSI is showing the Divergence.
A good buying opportunity arise if price sustains this demand zone (287-300).
Price has already dragged much from the top level so buying...
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,...
