Analyzing Market Trends: Should You Buy or Sell Dipping Energy Stocks Today?
- Three energy stocks, Tata Power, Power Grid Corporation of India, and Coal India Ltd, experienced a decisive breakout in the technical chart pattern despite sharp selling last Friday.
- However, to the surprise of stock market observers and investors, all three breakout stocks today plunged, putting a dent in investors’ hopes.
- Experts believe that a quality stock will always remain quality, attributing the fall in these shares to the high volatility in the Indian stock market today.
Despite a surprising plunge, experts remain confident in the quality of breakout stocks Tata Power, Power Grid Corporation of India, and Coal India Ltd, attributing the fall to high market volatility.
Breakout Stocks Today
Aditya Gaggar, Director of Progressive Shares, analyzed the Nifty 50 and Bank Nifty chart after the Friday sessions. He noted a trend reversal in the Index with a negative divergence in the RSI. He also highlighted the breakout patterns of the three energy stocks.
Breakout Stocks to Buy Today
Avinash Gorakshkar, Head of Research at Profitmart Securities, reassured investors about the quality of the three breakout stocks. He advised investors to consider adding Tata Power and Coal India Ltd to their stock portfolio, citing potential bottom ... Read the full article for FREE at COINOTAG!