• Chart-Watch: CNX Energy Index - Time for the next run upwards

    By Renu Goel on 08 Jun, 2014

    As hopes of reforms in the energy and power sector rise with the NDA government at the helm, we look at the CNX Energy index over the last decade.


    Technically, the huge falling gap created during the bear market decline of 2008, got filled last week. The speed of rise since the start of 2014 is a motive wave upwards. It looks almost certain that the sector will break free of the sideways range decisively in time to come.