Metal sector: Nifty metals has not shown much rally but as per time cycle this sector seems to be ready to fly in next few days/weeks. My Preferred picks are: Jsw steel, Nalco, jspl.
📈Keep an eye on Nifty Metals Index . 📈On 13th Feb Index has formed hammer candle which indicates trend reversal. 📈Metal index has taken support on trendline as shown into chart and started moving upwards. 📈Index has made triple top and triple bottom pattern on daily chat. We may see bullishness till 8348 level. 📈Stocks to watch into Metal Sector are as follow:...
Nifty Metal index which represents the metal stocks has already given a very good move and in last few months, now as we mentioned and projected it need to retest the lower levels and so that we can see pull back like that so you can plan your trading or investing accordingly ... Disclaimer - views are just for education purpose only, make all your decisions...
#NIFTYMETAL Sector Analysis (1W TF) PATTERN: RISING WEDGE BREAKOUT - The Metal sector has shown a fabulous up move since beginning of 2023 - Wait for Breakout of the Resistance Zone OR Reversal ! #stocks #swingtrade #chartanalysis #priceaction #traderyte #india #indiagdp #StockMarketindia
NSE:CNXMETAL This also Shared on Dec-10 then it Moved 4.50% on the Upside Now Break the Resistance on the Monthly Time Frame in ( Weekly Time Frame it's a Different Story ) If Nifty moves more than 100 to 200 points this also gives some Move upside so add to your watch list Metal Stocks also, I pin the Google Drive image link in the comment section
I hope everything is clear on the image itself. After a long rally towards the downside, NMDC is ready to run to the higher level especially after breaking the previous lower-high.
"Good morning, friends🌺! As of November 29th, the global market sentiment remains bullish, as indicated by the Dow Jones. However, our local market shows a moderately bullish trend. It might open with a slight gap-up start, considering the GiftNifty value at +60. If the gap-up sustains, then we can expect a rally continuation with minor consolidation. On the...
Hello, traders! Today I'm focusing on a prominent player - Jindal Steel. This analysis aims to provide both newbies and seasoned traders with some fresh perspective. Let's get started! 🔎 Understanding Key Terms Before we delve into the analysis, let's clarify some crucial jargon: LTF (Lower Time Frame): This is the time frame we use to execute our...
Tata Steel Limited is an Indian multinational steel-making company, based in Jamshedpur, Jharkhand and headquartered in Mumbai, Maharashtra. It is a part of the Tata Group. TATA Steel Limited is a diversified steel producer, engaged in the business of steel making, including raw material and finishing operations. TTM EPS: 1.33 TTM PE: 98.05 P/B: 1.55 Mkt Cap (Rs....
Metal index is approaching levels from where it has been rejected twice. Will it breakout this time. watch the chart and make ur analysis.
JSW ISPAT is looking good for an upmove in coming days * A falling wedge breakout and also change of structure from downtrend to uptrend * Monthly inside bar candle breakout and also sustaining above it indicating good strength A stop loss below the low of 29 looks enough for targets towards 38-43 RR 1:3
JSW STEEL is looking good for a long above the levels of 708-710 , a good bottom structure has been formed in the stock and can possibly move towards targets of 740/760/800/820 in coming days
NMDC has broken out of its trend line showing a bullish trend and also a double bottom showing buyers coming in , looks good to be bought above 114 levels with small SL for targets towards 120 levels , aggresive long can be done at current price also
Nifty Metal index trading above 200 EMA. Looks good for upcomming days as almost all major sectors have recovered after the latest Downside rally. Vedl, Hindalco, JSWsteel and Jindalstel are stocks under focus. One can start investing with little portion after breaking 200 Ema and taking pullback. Note - Fib Retracement levels will act as resistance levels.
Nifty Metal is at it's resistance level . IT need to close above it's resistance level of 5830 for futhur upmove to 5900 and 5990 levels . One can follow this chart and play for levels in Nifty metal . Disclaimer : Posts are for educational purposes only ; not any buy or sell recommendations.. Please consult your financial advisor for initiating any trades
nifty metal elliot wave anlaysis daily time frame i plot wave see chart
NSE:CNXMETAL Metal stocks are bottoming out in wave 2 correction. Shall be heading in wave 3 higher. Bought couple of them today.
While NSE:NIFTY has made new low as compared to Dec 22. NSE:CNXMETAL Index has not broken the Dec 22 lows. This Inter Market Divergence again signalling strength in Broad Market stocks. Historically it leads to Bullish trend reversal.