Gearing up for a new 52 week high after a brief consolidation. The metal cycle has yet not ended and we are yet to witness a lot more ahead. In the chart, 20 EMA is heading up above the 50 EMA and the start for the new upcycle can start from 8th of November 2021.
If it sustains above 334, initiate long RSI at levels of 64 Hold for targets - 391
NSE:HINDPETRO Observations: 1) On 15min time frame, we can see there is hidden bullish divergence is formed. As price is making higher lows and RSI is making lower lows. If tomorrow it sustain above 300 level then we can see upmove. Please refer below chart : 15 Time Frame. ------------------------------------- Trade Setup for Date 04-10-2021: 1)...