Check Nifty Energy Index Full Analysis At Unicorn Signals

NIFTY ENERGY Weekly Outlook and Analysis:

For the Week: (April 11, 2022 – April 15, 2022)

Check Nifty Energy Index Full Analysis At Unicorn Signals

NIFTY ENERGY Index closed the week on positive note gaining 1058.20 points 4.00%.

Weekly High: 27,813.35

Weekly Low: 26,432.05

Weekly Close: 27,512.70

Weekly Support & Resistance For Nifty Energy Index:

Technically on the daily charts we see minor support on the downside for NIFTY ENERGY index lies at  26900 levels, whereas minor resistance on the upside is capped around 28050-28100 levels.

If NIFTY ENERGY index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 26300 and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 28700.

Currently NIFTY ENERGY index is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 26500 on downside and 28600 on upside.