On May 14th, the good index of the PSE closed in a high 200-day double exponential movement
The violation of these level signals suggests that the fancy and potential is separate for increased energy.
Kunal Kamble, the technical investigative analyst is specified that the good index of the PSE has the 14th day on August 2024, signed a transition of primary one.
The index has since been near May 14, 2025 earns more than 3 percent of the sum of 5 sessions taking the current time of day.
In addition, the index confirmed a blast in an open head and shoulder pattern, further supporting a change in an uptrend. In the momentum ahead, the relative index index (RSI) acts on an upward tide, indicating strengthening strength strength, Maple Kamble.
The average index direction (ADX) also increases steady to post the index step above 200 DEMA, which suggests an increased rise increase.
From a sight of the price action, the index appears attractive above 10,072 levels. The maintained trading above this threshold can prompt the exchange of interest in PSA stocks, which can lead to a sectoral rotation and additional funds to public businesses.
Ajit Mishra – SVP, research, research research saying that, markets witnessed to 7,956.46.45 and now sold in 9,922 levels. In addition, the index has recently obtained large long-term movement for a long time – the 200-day exponential transfer of average (200 dema).
Vision remains positive, with signs suggesting that recovery can continue to strengthen. The index can work toward 10,400 levels, with a strong support zone seen about 9,400-9,650 levels. Participants advise to continue with a specified stock method and focus on counters showing a stronger performance within the pack. “
PSU stocks to buy
Kamble is loud in Indian coal and NBCC. Kamble suggests buying the carbon India over Rs 420 and NBCC above Rs 120 per share.
