Best Sector for 2022

Hello, subscribers. Welcome to the Fast Profits Daily. Myself, Brijesh Bhatia.

I'll be discussing one sector where an investment for 2022 is a must. At start of 2022 in Jan, I have highlighted this sector where it is a trading opportunity into this sector. And that is the power sector.

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At start of 2022, I guess it was Jan 17 when I released this video where the index was trending somewhere around 3,400-3,450 levels and now it is trading at all-time high. It has surpassed 2007-2008 highs and trending at 5,200 sort of levels.

The reason to do this video again is to reiterate the bullish scenario and as an investor, you should not miss this sector where the fresh breakout has happened. Let's look at the chart over here. The first chart.

 

If you look at it first charge right from 2007-2008, this is index have been underperforming the markets for quite long period. This is the BSE power index.

Right is right from 2009-2010, this index went into the consolidation and finally broke out in 2021. At that point, I highlighted that the long consolidation a decade consolidation of momentum, has been breaking out in this index. Right from 3,400 back to 5,200 levels, the previous high has been taken out.

After a test of the similar highs, we saw down tick, when the markets corrected in May and June and now the markets have been trending higher, midcap is trending higher, Nifty is trending higher, the power index is also one which is trending higher.

Believe me, the year which mattered we had in 2021 similarly, I believe that power could have the year in 2022 and that's the reason back in August again, I am highlighting this sector as an investment you should not miss. Let's look at the second chart over here.

 

Why am I reiterating this long over here? Look at the similar structure where consolidation happened, break out happened, a re-test happened, again, a rally resumed.

Second time back in May 2021, look at the structure. A breakout, re-test, a rally back in October November, look at the rally. Previous high has been re-tested. Breakout happened and continuation happened. Now back again in August, look at the previous have been taken out. We are witnessing a momentum, continuation.

Now, in case it will come to re-rest around 4,800-4,900 levels, I believe this is an extremely excellent opportunity to go long.

When it re-tested in July, if you look at the orange line, it is the 200 days exponential moving average, and when it re-tested the 200 days exponential moving average, look at the rally it has shown, the one way rally it has shown without re-testing the 200 exponential moving average once it re-tested and went higher.

So it indicates the strength in the trend of the bullish scenario. As an investor, I believe still 2022 could be the year of the power index and you should not miss this rally. We are about somewhere around 15-20% into this index. So there is a huge of opportunity still more I believe another 25% can be expected int the power index in the next 4-5 months of 2022.

As an investor should definitely look at this sector. You should not miss this sector. In case you have missed my previous video, go back into our archives. January 17, 2022. That was the video which highlighted on the power. And now again, I am highlighting that there is a huge investment opportunity into this sector. And as an investor you should not miss the rally of the power sector in 2022.

In case you miss the metals sector in 2021, at the start of 2021 as well, I have highlighted that the year could be of the year of metals if you remember. If you have missed the metals rally, I think you should not miss the power rally which is more four-five months of rally, probably six months of rally where I'm expecting another 20-25% in the power index. So keep a watch on this index.

Signing off and have a profitable year.