Looks like its time for 230/234 levels on aluminium... up-move that is part of a bigger Inv H&S breakout... Please refer to previous post for further details Also, similar setup seen in Zinc
Inverted H&S in aluminium, i'm looking to pre-empt... Any takers??
After almost 6 months, aluminium now looking for reversal. Inverted H&S in making. one can look for weekly chart for more clarity.
Hindalco charts are reflections of Aluminium Price moves only difference is Hindalco did a little more than 50% Retracement of Wave A fall where as Aluminium did very small retracement ideally Hindalco should head towards 235-200 levels in Wave C in next few months.
NATIONALUM - Trading near key support zones. Risk reward looks favourable. Can be added at CMP 67.95. Target ATH
I have drawn short position on national aluminum weekly chart. Please check and advise if it is correct. This is for educational purposes only. Thanks. Your feedback and suggestions are most welcome.
MCX:ALUMINIUM1! #MCX:ALUMINIUM1 trading bullish and near to resistance level, BO sustainability may give good upside momentum. Potential levels marked on chart !! Happy LEarning.
Nalco broke out from the channel to test the resistance but formed a doji which means a reversal, I’m bearish for 2-3 trading sessions, long term inact
After testing our nerves of steel, the stock is gaining power. A good risk-reward above resistance.
Long consolidation, volumes with breakout. Plus, rally in copper & other commodities globally. Dollar Index weakening too. GREAT RISK REWARD
Sacheta Metals Ltd at present is one of the major manufacturers & exporters of Aluminum Utensils in India. They have also started manufacturing of stainless steel cutlery items in various design. Sacheta brand is well known & accepted in the market. The product range of the company includes Aluminium Products in Various Sizes & Designs Like: Aluminum. CMP :...
Gold Price Slowly Going Upside Key levels: 48113 - 47616 MCX gold has been moving under the range of 48113 - 47616. It's a very crucial point. We may see a continued uptrend ahead if it breaks and close above 0.382 retracement level. That can be up to 48260 - 48490 - 48600 - 48700. And if it breakdown the 0.5 retracement level, then we may see 47496 - 47300 -...
Metal stocks index is showing divergence in overbought zone and the fall is also started. exit long positions and move to private banks
MCX:ALUMINIUM1! Long Entry 214.95 Stop loss 203.85 Target 01 : 230.70 Target 02 : 237.45
THE NATIONAL ALUMINIUM COMPANY has been on a high power bull run,the stock had been making new 52 week highs with the soaring prices of aluminium ores ,the stock has doubled from calender year low ,which clearly shows how the financials have been driven, the bull run has just started in the metal sector with rising demands across all sectors, the balance sheets of...
Vedanta As per Daily Chart Analysis as broken the resistance 348 Level and now the target 375 should be achievable. Happy Trading to All.
Tomorrows open will be crucial Either it goes up from here so only buy above last candles high OR It will find support at 375.20 i.e previous resistance level or around 362-360 levels and then go up Please do your own analysis before making any decisions and also let me know if I missed something. Let's learn together.
4 x in less than a year. Mainly on the China story. Be cautious.