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.
#NTPC:- 118.15 cmp, looks good for more upside :) #Plan you trade :)
This is 1D timeframe. This stock took yesterday a very strong support at very big trendline( 1+ yr on daily TF). Yesterday's wick is very big and it indicates that it wouldn't go down that easily. Sellers tried but cannot take it down. Today it shows hugh momentum and moved +20% up. I tried to find but I can't find any important news as such that it took it up...
Levels mentioned in the chart. Please use comment section for any queries/suggestions :-)
The long correction of NATIONALUM has finally ended with a bang of 7.3% and it is expected that the stock will now follow the footprints left by the BULLS.
After a sharp decline followed by a consolidation in a triangular structure , hindalco seems about to give a zigzag correction. As per the triangle structure one should sell the stock with SL of 402 and look for the downside target of 365/345 zone .
JSWSTEEL is at support on day time frame. One can go for a long trade to have a good swing from here.
inflation + demand + less supply = commodity sector boom
I am continuously giving buy calls in sail. Recently Gave This Buy Call on 3rd May 2021. In Just 7 days it has given us bumper profit of more than 15% and more to come. This is the call I gave on May 3 Gave Call To Buy on April 22 Gave Call To Buy On April 6
As we can see tata motor is following trendline .... it is taking support from this trend line ...may be it will consolidate following to this tredline.. BUY ABOVE-978 SHORT Below-960 SL maintain FOR BOTH-870 if it might break then we can see fall for 1 or 2 trading session... it might be give false breakout ...so take trade wisely . . .if agree ..LIKE IT :)
The stock has attempted a breakout from 185 zones 3 times and has reached a stable point, with the good performance of the metal sector, JSW is a long opportunity with a good breakout towards 203.