The Oil and Gas sector is identified as a potentially strong leader for the Nifty, and specific stocks within this sector showing multi-year breakouts are expected to drive this performance.
"if the Nifty were to go up some sectors should support it sectors will take the index higher but if the sector were to go up then some stocks should support it to go higher right so what I thought is I should do a technical analysis on few stocks as an example in the oil and gas space but while doing the analysis I thought that why not go ahead with stocks which are showing me multi-year breakouts"
