Here, we have attached the Technical analysis chart for Hindalco, Hindalco is in the range which have drawn in the chart and once it tried to break but unfortunately it couldn't and many SL got hit and so that we have noticed huge sell off then, and the price moving between range continued again .... In the chart we have mentioned support and many important...
NELCO is in a range rectangle which is showing a sign that it may breakout with massive volume in the coming sessions. NOTE: I'm not a SEBI REG. Study before investing.
Tata Steel Limited is an India-based steel manufacturing company. The Company is engaged in the business of steel making, including raw material and finishing operations. The stock CMP : 106.30 is currently reversed from downtrend and retested support @ 103.20. There are two formations, one is parallel channel and the second is Symmetrical Triangle Pattern. The...
Trade Setup Enter the trade at the opening. Stoploss at the low of the signal candle for aggressive traders. Stoploss below the 20ema for positional traders. Trailing stoploss after a 5% move. Analysis Notes Bollinger Band is squeezed and the breakout of the upper band. Rsi is above 60. Macd bullish crossover For educational purpose only.
A massive breakout rally should begin in Jindal Steel and Power soon. It is a triangle pattern breakout and even horizontal trendlines are broken. Keep a strict stop loss at Rs.420 for targets of Rs.500-545-605 in the short to medium term. A decisive and strict stop loss is necessary in metal stocks as they tend to reverse sharply and are very cyclical in nature....
Here's the Nifty Metal index with a bullish breakout. The XABCD bearish crab pattern gives the targets mentioned on the chart. We shall try to pick some of the metal stocks which are showing a similar pattern.
After forming a high of 501 stock is falling in a corrective manner. This correction should reach upto 50% of the previous rise i.e. 50% of the distance travelled between wave 2 and wave 3 . The correction can be extended to the previous 4th of the lesser degree i.e. the region of 300 zone .
just work on the imp levels and keep buying the dip
After good rallies in metal sector it have started consolidation and now they are ready again to run 🏃. There is a clear pole and flag pattern formation in SAIL in daily time frame and a closing above 130 be a good breakout buy. With stoploss of 124.
National Aluminium Share has broken the resistance of 85, if you see in 15minutes times frame, . So, the share tested this level multiple times, and Finally it is broken. . You can see chart in weekly time frame after Rs.85.50 it had reached Rs.100 in the year between 2017-2018. . So you can make the position once it cross 85.50. . What's your view on this comment...
CNX Metal is so bullish in the recent days and it is in the channel pattern in an hourly time frame, so Lets wait for its either breakout or Breakdown to take trades in the metal stocks 🔴DISCLAIMER ***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Intraday Trade: TATASTEEL 15min. chart analysis Zone 1110-1120 is a make or break level. As per the global news everyone is attempting price of metal sector stocks to cool down but due to the heavy demand I am expecting a bounce back after 10% correction in TATASTEEL. Also other metal stocks are at their support too. -Mohit Rajani
We can see a downside of 7-10% in CNX Metal index till it doesn't cross the resistance at 2170. One can short metal stocks for this move. Views are for educational purpose only.