ENERGY Bullish and so in NIFTY but Don't Jump the GUN
Energy is doing good and has shown mere signs of weakness and is trying to break the Previous Highs for the 3rd Time.
If you have been in the Markets Long enough you know, 3 is a significant number when it comes to supports / resistances and Breakouts.
A breakout above the highs will put it into unchartered territories and if NIFTY kept its Trend and no surprises. Good moves can be Expected in Energy Stocks.
My Favourite Stocks here are
Reliance Industries ( approx 21% up Year to Date, this is in a very strong bull trend )
HindPetro
BPCL
IOC
Note: Don't Jump the gun and Stay in Front Liners.
If you have been in the Markets Long enough you know, 3 is a significant number when it comes to supports / resistances and Breakouts.
A breakout above the highs will put it into unchartered territories and if NIFTY kept its Trend and no surprises. Good moves can be Expected in Energy Stocks.
My Favourite Stocks here are
Reliance Industries ( approx 21% up Year to Date, this is in a very strong bull trend )
HindPetro
BPCL
IOC
Note: Don't Jump the gun and Stay in Front Liners.
Position Size: 2% Risk or less ALWAYS. CANNOT RISK MORE.
Support/ Resistance/BUY/SELL/SL/TP Prices are ALWAYS RANGES and Not Exact Prices
Support/ Resistance/BUY/SELL/SL/TP Prices are ALWAYS RANGES and Not Exact Prices