Decent volumes in the last week and strong volumes in this week as well, a good price action breakout from the cup and handle pattern. Target of 900++ SL 505
NELCO is in a range rectangle which is showing a sign that it may breakout with massive volume in the coming sessions. NOTE: I'm not a SEBI REG. Study before investing.
We can see a uptrend in aluminum as per my analysis we can buy aluminum in future at current price with the stop loss of 200 and we can see good target of 210, 215 and 220 in upcoming days. In this chart we can see clearly shifty of lower lows on upwards which is showing uptrend. Thanks
with a SL of 2300 do u think aluminium will make new lows??
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