This is a quick one. The chart should tell you everything there is to know. We will keep updating the comments below as the price action unfolds. Have Requests, Questions, or Suggestions? Let us know in the comments below.👇 ⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used,...
#NiftyMetal trend was weak and on 13th March it breached the long term trend line on Relative Momentum indicator. Metal Sector mainly consists of two industries: 1. Iron & Steel Products 2. Iron & Steel Interim products Both these industries are trending down.
📈Keep an eye on Nifty Metals Index . 📈On 13th Feb Index has formed hammer candle which indicates trend reversal. 📈Metal index has taken support on trendline as shown into chart and started moving upwards. 📈Index has made triple top and triple bottom pattern on daily chat. We may see bullishness till 8348 level. 📈Stocks to watch into Metal Sector are as...
The Nifty Metal index is all set to climb up towards 7200 in wave V of 3. At the current levels it provides an excellent entry with really impressive RR. 6400 is the support 6270 SL
#HINDCOPPER NSE:HINDCOPPER CMP: 116.75 TP: 137 // 157 SL: 101 TF: <6m RR > ~2.7 times Return > ~34% SAIL HINDCOPPER HINDZINC NIFTYMETAL TATASTEEL CNXMETAL HINDALCO JSWSTEEL NATIONALUM JINDALSAW JINDALSTEL Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest...
A clear pattern of Cup and Handle appears on Daily chart of Sail. Breakout has been given around Rs. 94 with a potential upside of 20%. The breakout has been supported with heavy Volume which indicates strength. Please give a boost and comment if you find the analysis helpful and consider following for more. Any Request, suggestions or advice are warmly...
Buy Hindalco if the Price sustains above Rs. 440. Pattern Breakout plus a confirmaton has been given above the Resistance line. Disclaimer:I am not a SEBI Registered Analyst, and the views expressed here are solely my own and for educational purposes only. Make sure you consult your Financial advisor before investing, as I won't be responsible for any...
CMP : 164 - Managed to close above yesterday's close - Retested the previous breakout zone (152-153) - Retested the 21 EMA (153) - 50% Fibo level 151 - AVWAP near 149
📊 Script: HINDCOPPER (HINDUSTAN COPPER LIMITED) 📊 Nifty50 Stock: NO 📊 Sectoral Index: NIFTY METAL 📊 Sector: Commodities Metals & Mining 📊 Industry: Non - Ferrous Metals Copper Time Frame - Daily Script is forming Double Bottom Pattern as shown in a chart. Key highlights: 💡⚡ 📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of...
Metal stocks showing strength in last couple of days. Index sustaining above the resistance level after breakout. The rally may further extend, keep metal stocks in radar.
📊 Script: HINDALCO (HINDALCO INDUSTRIES LIMITED) 📊 Nifty50 Stock: YES 📊 Sectoral Index: NIFTY 500 / NIFTY METAL 📊 Sector: Commodities - Metals & Mining 📊 Industry: Non - Ferrous Metals - Aluminum Key highlights: 💡⚡ 📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it. 📈 MACD is already giving crossover. 📈 Double Moving Averages...
📊 Script: HINDALCO (HINDALCO INDUSTRIES LIMITED) 📊 Nifty50 Stock: YES 📊 Sectoral Index: NIFTY 500 / NIFTY METAL 📊 Sector: Commodities - Metals & Mining 📊 Industry: Non - Ferrous Metals - Aluminum Key highlights: 💡⚡ 📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it. 📈 MACD is already giving crossover. 📈 Double Moving Averages...
Key highlights: 💡⚡ 📊 Currently CNXMETAL trading at level 6027 and 6019 is its support level which is also cup & handle neckline which may work as support line. 📊 If it is breaking support level one can go for SHORT into METAL sector. IF SUPPORT LEVEL IS BREAK THEN ONLY GO FOR SHORT TRADE. ⚠️ Important: Always maintain your Risk & Reward Ratio. ⚠️ Purely...
📊 Script: WELCORP (WELSPUN CORP LIMITED) 📊 Nifty50 Stock: NO 📊 Sectoral Index: NIFTY INFRASTRUCTURE / NIFTY 500 / NIFTY SMALLCAP / NIFTY METAL 📊 Sector: Capital Goods 📊 Industry: Industrial Products Key highlights: 💡⚡ 📈 Script is trading at middle band of Bollinger band (BB) and taking support of middle band which is SMA20. 📈 Already crossover in MACD . 📈...
In option chain also calls are getting unwinding and put writing is happening -- Bullish sign.
Please consider this post for learning. Managing risk and money management is more important than setup.
Nifty Metal at monthly support of 5140.Be cautious.Negative news or positive news lead to fast movement either side. I am not sebi registered,please consult your financial adviser
NIFTY METAL - Bearish zone 1. It breaks the 1st support zone 4830 on the downside this week. 2. In a bear trap, the next support will be at 4490, and 4200 respectively. 3. Till it gets support most of the metal sector will be in a downtrend in upcoming weeks. 4. Example: TATA Steel will be on a more downtrend in upcoming weeks. Note: 1. I’m not a SEBI Registered...