HINDALCO #Watchlist
#HINDALCO (D):-CMP 455 Looks Good Above 460 for Target 480/500, 420 below closed (View Invalid) :)
#Disclaimer:-View shared is for educational purposes only.
Cnxmetals
SAIL #Watchlist
#SAIL (D):-CMP 86.9 Looks Good Above 87 for Target 90/100++, 82 below closed (View Invalid) :)
#Disclaimer:-View shared is for educational purposes only.
CNXMETAL - NIFTY METAL INDEXNifty 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 Down tick, Lets see what happens next.
Overall wave structure could be like this
macd also turned negative cross along with Negative Divergence
macd negative crossover in hourly
RSI negative Divergence
RSI Down Tick
stochastic in daily time frame negative crossover
stochastic in hourly time frame negative crossover
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
NIFTY METAL INDEX - THE SECTOR ON THE RUNNifty 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 they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
HINDALCO #Watchlist
#HINDALCO (W):- CMP 575 Looks Good For More Upsides :)
#Disclaimer:- View shared is for educational purposes only. Conduct your due diligence before making any trading/investment decisions.
METAL INDEX: BullishMETAL INDEX: Formation of HH HL on daily time frame. Bottom formation is done in metal index. We need to see impulsive price action to confirm for a new high as a continuation of the larger uptrend. Till then it is confirm that there should be a bounce at least in all metals. STOCKS TO WATCH: TATA STEEL (MY FAV.) , SAIL , HINDALCO , jindal steel is also about to turn, but there is a possibility of one more low
CNXMETAL (NIFTY-METAL)The metal index is now falling in a-b-c like most of the moves since May 2021.
Here break of the rising channel means we go to test the previous swing low near 5268 and if that does not hold then (c) equal to (a) is at 5090 as the nesxt support level. Each set of abc can be marked as W-X-Y-X-Z.
macd in weekly is negative and down tick
MACD in daily is negative and downtick and now also below zero line
lower bollinger band is challenged by price in daily time frame
RSI in daily is downtick and below 40 levels
dmi adx is also Negative in daily time frame
Disclaimer
I am not sebi registered analyst
My studies are for educational purpose only
Consult your financial advisor before trading or investing
I am not responsible for your profits and losses
