Nifty Energy Index with stock analysis !!

Nifty Energy: The index in continuous uptrend, retrenchment will give an opportunity to accumulate stock as mentioned below.


RELIANCE: The low of 18-04-22 weekly bullish candle i.e. Rs 2500 will be a critical level. Any reversal candle the same level will be opportunity to accumulate, otherwise simply avoid.



TATAPOWER: Since Jun’20, the price has not violated the 20 EMA in weekly chart. The stock in range bound (Rs 200 – 300) from past 7 months, the level of Rs 220 will be a key level and opportunity for accumulation.



NTPC: Bullish setup, the price broke the multiyear resistance level with rising volume and currently at retest level. Go long above Rs 162 with Stop Loss of Rs 145.



POWERGRID: The continuously uptrend in parallel channel and EMA 20 acting as key crucial support since Oct’20, accumulate at resistance breakout or at support level.



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