Energy Sector Breaks Out Above 35,120 | Strong Rally Expected Post Multi-Month Resistance Zone

Energy sector has successfully broken above its key resistance zone near 35,120 after testing it multiple times in April 2025. This breakout opens the door for a strong upside rally with potential targets aligned toward all-time highs.

5/17/20251 min read

📊 Sector Overview:

  • Sector Name: Energy

  • Index: Nifty Energy

  • Breakout Zone: ~35,120

  • Current Price: 35,664

  • All-Time High: 45,022

  • Resistance Tested: 4–5 times in April 2025

  • Momentum: Strong post-breakout

  • Trend: Fresh bullish momentum initiated

🔎 Why this Sector Looks Strong?

  • Sector has broken above 35,120 — a zone tested multiple times in April 2025

  • Price sustaining above breakout level shows strength

  • High potential for upside toward previous highs

  • Positive sentiment building in energy-related stocks (like Tata Power,NTPC, Power Grid, ONGC, etc.)

  • Sector rotation favors energy as market seeks defensive + high dividend yield stocks

🎯 Potential Benefit

  • Strong breakout increases confidence in energy stocks

  • Long-term investors can look for trend continuation

  • Swing traders can benefit from follow-through momentum in power and oil & gas stocks

🧭 Technical Snapshot

  • Breakout Level: ~35,120

  • Current Price: 35,664

  • All-Time High: 45,022

  • Previous Resistance: 35,120