NMDC is in Daily timeframe Demand Zone looks a good buy around cmp 130-134 with stoploss of 124 for targets of 145, 155
Stock is forming a bearish triangle. One can go short near 1140-45 keeping SL of 1185. for tgt of 1100/1065/1050-45
# TATASTEEL After a good correction it has took support from the very Strong zone. Looking Good for long.
NSE:MCX Swing Trade Current Price : 1713 This Script perfect support on its trendline I expect it will bounce back from its support line and try to brake the triangle formation Target : 1880+ Stop loss : 1678 This is only for education purpose. Follow for more update.
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...
Up-flag pattern formation. target is 400. previously gave target of 250. reiterating a buy
NSE:HINDALCO Observations: 1) On daily time, we can see that it took support from 50DMA and closed above it. 460 to 470 is immediate support range. Breakdown of it, will continues down fall. But if it sustain and take support from it then we can see reversal and an up move. Please refer below chart : 1day Time Frame. ...
If it sustains above 334, initiate long RSI at levels of 64 Hold for targets - 391
Educational purpose only ......Keep an eye on jsw steel ...take best entry
Metal sector index last week went bearish following a weekly divergence It now has a unconfirmed bullish reverse divergence on weekly and could take momentum support and bounce Daily momentum has touched 40 support. In short any bearish further from here is bearish confirmation and reversal.
In Nifty Metal, today Bullish Engulfing have been formed. And also gave breakout from the handle of the cup. The pattern is small tough. Let's see how it goes. We may see breakout from the resistance line soon. Let's see. This post is for information purpose only. Just sharing my own analysis.
As NIFTY is choosing to make new highs this week, I look at different sector performances and their strength against the broader market. Through sector analysis and relative strength comparison we can find sector booms before they happen. Also note, the comparisons made below are all relative to CNX500 index, so it doesn't mean that if trend is downwards the...
TataSteel BSL is ready for a breakout after a rally in metal sector started! Breakout in Metal Sector. Breakout with fresh volume Flag Breakout. Targets are based on charts. Disclaimer: Chart, data and levels for study purpose only. I am not a financial advisor. Use your intelligence before investing.
Bullish Flag pattern in NIFTY METAL (CNX METAL) More gains if close above 5530
Buy Zinc Closing Price - 230.3 SL - 226 (Weekly Closing Basis) Target - 270
Vedanta Ltd has given a trendline bullish breakout on july 5. Its in uptrend making HH & HL in 4H chart
TATASTLBSL is forming a bullish type flag pattern , Traders should keep their eyes on it. Great chance to have some bullish move.