Monthly Swing Trade In Metal Sector

Jul 19, 2022

Sector has created a bottom and broken the structure. Will likely rally up to last month's high in this month. CNXMETAL

SL @ 4828
TGT @ 5460

Jul 19, 2022

Note

Setup used is the same as that of the Bank Nifty trade I had posted earlier this month. Check that out too.

Jul 27, 2022

Note

Trail SL near about to entry level. We will not lose money on this trade now.

I had preferred HINDALCO as it follows the metal index and it is in good M2M profit. SL @365 now.

If anyone entered in VEDL, it is weaker because last month was a strong bearish candle closing so reversal might take longer.

Jul 29, 2022

Trade closed: target reached

Target reached in the sector. Trailed Hindalco SL to 393 and will hold till 420 at least.

Aug 1, 2022

Trade closed: target reached

Exited Hindalco @422