Ashish Maurya | Simplifying Markets with Technicals

  Nifty Energy Index  The Index is trading at a 52-week high and has shown a falling channel breakout. It is also below the ATH level and has a bullish flag and pole at the 52-week high. The golden crossing, which gives the index the upper hand and quickens the bullish momentum on the index, is highlighted on  chart. -Point & Figure Chart  The index is trading above the 10SMA on the Point & Figure chart, with a positive ABCD on the 1%x3 chart. The chart's vertical count indicates that the upside momentum will continue in the direction of the 31832 zone. 

NIFTYIT - Will Keep on its Optimistic Trend.! The NIFTY IT Index's daily TF shows that the positive momentum in the IT stock has returned. Recently, the day chart showed a Golden crossover, or the short-term 50DEMA Cross over the long-term 200DEMA. Recently, the daily chart shows a double bottom breakout and 38.20% FIB support, suggesting that the positive trend may continue for the IT stock.