NSE:HINDALCO Good chart formation. Inverted Head and Shoulder pattern Good demand zone in RSI Holding 404 levels, stock may rally. Metal sector is the current flavor of the market, performing strong in these range bound times. T: 427, 448 SL: 404 on closing basis Disclaimer: This is NOT an investment advice. This chart is meant for learning purposes...
Nifty Metal CMP 5360. It will become strong above 5400 and aggressively strong above 5500. Sail also moving in pattern try to buy above 130 With SL of Low flag support
Silver 4hrs chart show Sign of reversal near to support levels.
Expecting a good move in this stock as per the breakout and retest. As per my view Entries can be taken now or you can wait for lower levels around 700. The company has recently shown good result that is also a positive point for the stock.
Jindal steel is all ready to go higher with your blessings ;) very good setup, risk reward favorable at CMP. Buy if it closes above 429.6 Stop = 360 Postional setup
Bullish Flag pattern in NIFTY METAL (CNX METAL) More gains if close above 5530
Trade As Per Description. Total Analysis Given In Chart. Thx.
Neutral for now. This post is for information purpose only.
Silver is forming 40 years long cup and handle which is looking very bullish and I think silver will perform very well in this decade
Midterm forecast: While the price is above the support of 1744.50, a resumption of an uptrend is expected. We make sure when the resistance at 1916.50 breaks. If the support at 1744.50 is broken, the short-term forecast -resumption of uptrend- will be invalid. We will close our open trades if the Midterm level 1744.50 is broken. Technical analysis: A peak...
Buy Zinc Closing Price - 230.3 SL - 226 (Weekly Closing Basis) Target - 270
Gold View Upside resistance 47750-48540. downside Support 47290-16490. Trade As Draw TrendLines Breakout.
Buy Copper near 690-693 Stoploss 657 Target 750
Multiple reasons to be bullish in Silver at this point of time: Simple technicals: 1. A pennant formation. 2. Positive reversal where RSI forming lower low while price making higher low suggesting a fresh high can be seen in the instrument. 3. Trading at lower end of the consolidation and higher highs and higher lows formations in smaller time frames. From...