NIFTY ENERGY INDEX POWERING THE NEXT BULL RUN - 28.03.2025
NIFTY ENERGY INDEX POWERING THE NEXT BULL RUN - 28.03.2025
NIFTY ENERGY INDEX POWERING THE NEXT BULL RUN - 28.03.2025
NIFTY ENERGY INDEX POWERING THE NEXT BULL RUN - 28.03.2025
K Karthik Raja (Market Educator & Technical Analyst)
MCA | MBA | M.Com | MSc Psychology | PGJMC | CST | MDAT | CFA Pursuant
Key Factors Affecting & Reasons
1. Support & Resistance Levels
- Strong support at 29,000 and 31,000 (200-day & 150-day MA).
- Resistance at 35,500 and 38,500—breakout could trigger fresh highs.
2. Momentum Indicators
- RSI at 44.68: Neutral zone, indicating a potential recovery.
- MACD: Bearish crossover but stabilizing—watch for trend reversal.
- ADX at 37.49: Strong trend in play, indicating high volatility.
3. Volume Analysis
- Increased volume at lower levels suggests accumulation.
- A breakout above resistance with rising volume could confirm trend reversal.
Key Watch
- Global crude oil price trends
- Policy changes in the renewable energy sector
- Earnings results of top energy firms
Dow Theory Chart Analysis & Observations
- The long-term trend remains bullish, with higher highs and higher lows.
- Recent pullback found support at key moving averages, signaling consolidation.
Stocks to Watch
- Reliance Industries
- ONGC
- NTPC
- Power Grid
- Adani Green Energy
Market Insights
- Short-term view: Expect range-bound movement; watch for a breakout.
- Long-term view: India’s energy transition and infrastructure push favor bullish prospects.
Disclaimer:
This analysis is for informational purposes only and should not be considered financial advice. Please consult a professional before making investment decisions.
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