What is the future of Infra sector in 2023
In the year of 2023 to 2024 we can see a strong bull trend again which can make history of Indian stock market. Do you remember my previous article where i do a details analysis on banking sector ? Click here to check my previous article. When Banking sector is good that’s mean our economy is now in a good track so we can get good opportunity in the year of 2023.Now lets talk about Infra sector. Infra sector has a bright future in upcoming year. Let’s understand with momentum indicator( RSI).
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Thumb rule of RSI :- (1) Above 60 strong uptrend, (2) Below 40 Downtrend (3) Between 60-40 choppy or sideways.
Strategy:- At first we will check the monthly chart of Infra sector and then check weekly and daily chart. This strategy is call top bottom approach. Look the image which is given below.
Conclusion
Ans :- Infra sector is looking good to invest because price is above the RSI 60 in monthly, weekly and daily chart and Bollinger band quiz break out in daily chart.
Q&A
(1) How big is the infrastructure industry?
Ans- The global smart infrastructure market size was RS- 63,40,97,00,64,00 in 2020. The market is projected to grow from RS- 79,34,89,28,40,00 in 2021 to RS- 3,54,42,73,84,32,00 in 2028 at a CAGR of 23.8% during the 2021-2028 period.
(2) Which Infra share is best?
Ans- Bharat Heavy Electricals Ltd (BHEL) Click here to know more.
(3) Is Infra a good investment?
Ans- Yes.
(4) Which is the best infra company in India?
(5) Which sector will boom in next 5 years?
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