Metal sector: Nifty metals has not shown much rally but as per time cycle this sector seems to be ready to fly in next few days/weeks. My Preferred picks are: Jsw steel, Nalco, jspl.
📈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 follow:...
Stock is in Temporary Uptrend. Stock is Moving is Raising Channel or Wedge. Follow PriceAction for Proper Entry and Exit.
NSE:CNXMETAL in weekly Time frame you can Check my Monthly time frame Technical Analysis I Explain in detail. ThankYou
Sharing my multi timeframe analysis on Metal index, which I believe is a candidate for coming weeks to show some strength On Monthly tf, it has formed inverted bullish hammer in March which is generally a sign of reversal and also looks like a higher double bottom formation near 38 to 50% fibo support zone of the swing from Covid low to Apr'22 high On Weekly...
#Watchlist #VEDL (D):- Looking good for a 350/380 target with volume only above 330. #Disclaimer:-View shared is for educational purposes only.
Normally I don't do sectoral analysis but this one demands our attention, fundamentals & price action are both looking good for the metal index. As mentioned in my detailed analysis of tata steel, even the metal index did a possible bear trap. Fundamental wise this sector is the most hottest for the coming weeks/months as China opens up & the COVID wave peaks over...
#JINDALSTEEL (M):- Looking good for a 900 target with volume only above 610. JINDALSTEEL, if there is a breakout over 610 with strong volume and it breaks the 2011 Horizontal Resistance, then it will be a terrific opportunity to earn a tonne of money, so keep a watch on JINDALSTEEL.
I am very much bullish on METALS But.... Considerations - 4Monthly Chart Index in focus - CNXMetal Details - I have currently taken nifty metal's 4monthly chart, it means that it takes 4 months to form one candlestick The timeframe will be quite large, the vision that I have might take 1-3 years time Technically we can see the consolidation happening...
1. important close above trendline 2. closed above 61 EMA 3. Higher low and Higher high confirmed As metals are moving up this will also add momentum to NALCO Use discretion!
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...
price has made a very popular chart pattern with lower highs and higher lows i.e. Symmetrical Triangle . Pattern has been broken out and the latest candle has closed above the breakout candle. Nice time to enter in this stock. Entry= current price StopLoss= 79 Target= 87
CNXMETALs as per our last week's view, just an update There is possibility of Metal Index hitting the lower trendline of this channel in coming week
Fall below 5180.30 leads to Support At Retest 4500.85 IZ 4446 to 4491
Nifty Metal Index is possibly completed as a leading Diagonal wave 1 of wave 5 circle, where wave 5 is shorter than 3, and wave 3 is shorter than 1 ( Leading Diagonal ) If its right than possibly wave 2 of wave 5 is now Due or ready to unfold, in macd and RSI we are witnessing negative divergences, along with Negative crossover in Stochastic and MACD, also RSI is...
Nifty metal index continues to charge higher in wave iii of 5, and it pushed MACD towards higher high. Overall wave structure RK buy signal activated in daily time frame Key levels are mentioned on chart MACD in Daily positive MACD in weekly positive RSI in daily uptick MACD at Higher High Most investors treat trading as a hobby because...
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart. This Index can't be directly traded but just use it as a reference for metal stocks. Just check what metal stocks did after breakout in Nifty Metal. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI...
Metal sector is having good momentum and good charm these days, here are some stocks analysed like Hindalco and Tatasteel, both are looking good enough to go long, as per price actions and as well as per elliot waves along with trend indicators. Indicators of Hindalco hindalco macd in weekly positive crossover hindalco macd in daily is positive rsi in daily...