National Education Policy 2020 unveiled. Time to buy related stocks?

Navneet Education's stock is set for a breakout above Rs 85. Check out the trading strategies for the other stocks in the education sector

The government has unveiled the National Education Policy 2020 that aims to overhaul the country's education system. Announcing the changes, yesterday, Union Minister Prakash Javadekar said there are major changes in the pedagogical structure of curriculum with no rigid separation between streams.

A few of the other reforms outlined in the new National Education Policy are: board exams to be made easier, curriculum to be reduced to core concepts, the 10+2 structure of school curricula to be replaced with a 5+3+3+4 structure, and medium of instruction up to class 5 in mother tongue or regional language. READ ABOUT IT HERE

With such changes in the offing, education-related stocks are set to remain in focus. Here's how these stocks look on the technical charts.

Navneet Education Ltd (NAVNETEDUL): This counter is set for a breakout above Rs 85 levels, which has become the upper resistance since April, 2020. It has been forming a consolidation pattern in the range Rs 65 to Rs 85 for the last several months. The current momentum appears to hold 50-day moving average (DMA) firmly and until this scenario persists, the upside towards Rs 85 cannot be ruled out. The next support comes in as Rs 70, which is its 100-DMA. CLICK HERE FOR THE CHART
 
Zee Learn Ltd (ZEELEARN): After crossing 200-DMA, the counter witnessed stiff selling pressure resulting in a decline. This correction is seen holding the support of 100-DMA, currently trading at Rs 13.70 levels. Till the time the price holds 100-DMA on the closing basis, the upward bias should stay strong. The volumes are decreasing gradually, which suggests that the selling pressure might be getting exhausted. The reversal may see upside towards Rs 16.60 levels, which is its current 200-DMA level.  CLICK HERE FOR THE CHART
 
Career Point Ltd (CAREERP): The last two sessions have seen volumes climbing towards the April highs, when the stock scaled Rs 200 levels. The Moving Average Convergence Divergence (MACD) is trending towards the zero line upward -- another indication of positive direction and upward momentum. The bigger breakout is above Rs 170 levels, where the counter is currently headed. The support remains at Rs 120 levels, which is its 200-DMA. RSI has made a double bottom around Rs 120 to Rs 125 levels. CLICK HERE FOR THE CHART
 
Tree House Education and Accessories (TREEHOUSE): This counter has conquered the major resistance of Rs 5.40 levels. Over the last month, volumes have risen dramatically with price surging higher levels, which indicates buying interest. Although, RSI is trading in an oversold condition, the price is showing greater strength. Secondly, the MACD has risen upward sharply, suggesting a strong direction and momentum to be highly optimistic. The counter is well placed above 200-DMA. The support comes in at Rs 4.60 and Rs 4.30, which are its 100 DMA and 50-DMA, respectively. The counter's overall trend indicates a rally towards Rs 8 and Rs 10 levels. CLICK HERE FOR THE CHART