Things are looking gloomy as the power costs across the globe are surging to unprecedented levels.
The same can be seen in china forcing factory shutdowns.
Summary : Keep an eye on Power stocks (I’m personally bullish on this theme)
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some stocks in energy sector are forming really good positional structure
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Most of the potential breakouts are monthly or yearly which as u rightly mentioned bodes well for positional setups
yes keeping eyes on this sector
along with infra & realty as well
I’m afraid now. World without electricity. I was trading adani per at 130 in jan. Now it’s 300 nearly.
In terms of availability, we may be better off then others – but, finances of the discoms are extremely bad at present.
Guess 6 out of 13 states have restarted today. But, I feel some solution is around the corner for power sector in general.
PFC up more than 25% in a month
REC nearly 15%
Silently going up without any buzz
That too after ex-div date. Super strong!
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NTPC, NHPC, Powergrid
All these heavyweights are looking good as well as positional delivery setups.
Dividends, profits and reasonable valuations