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Kaustubh

Energy companies are toast

Short
Nifty Energy Index (NSE:CNXENERGY)  
Kaustubh  
NSE:CNXENERGY   Nifty Energy Index
ONGC BPCL GAIL POWERGRID NTPC TATAPOWER
2
0
ongc bpcl gail powergrid ntpc tatapower
The CNXENERGY index is showing ominous signs.
These stocks haven't been doing too well recently but have enjoyed a sustained uptrend.
It's time for reversal now. The fundamental picture is not at all good and this move downward is just getting started.

For more thorough analysis, check out my daily NSE dashboards at
rpubs.com/kausti
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