BSE POWER INDEX to hit new highs on new emerging wave

The power index is all set to move towards the INR 7000 mark in the new wave v of (iii) of III.
The index has been in a strong uptrend since Feb 2023 and the trend only got stronger in OCT 2023.
The new wave is expected to touch 6968 levels soon.
6164 remains a crucial support for the index going forward.