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.
Buy Tata Steel 121 SL 117 hold for long term target 170-180-200- 250+ target
JSW steel is performing too well from starting of 2021 but get slow down in mid 2021 till now. NSE:JSWSTEEL . JSW STEEL has a 2 very big Bearish RSI Divergence on Daily Timeframe. . If you look at NIFTY METAL at the same timeframe you'll find same kind of divergence that indicates strong conformation to this trade. . JSW STEEL has taken resistance from 770 to 785...
📊 Script: HINDCOPPER (HINDUSTAN COPPER LIMITED) 📊 Nifty50 Stock: NO 📊 Sectoral Index: NIFTY METAL 📊 Sector: Commodities Metals & Mining 📊 Industry: Non - Ferrous Metals Copper Time Frame - Daily Script is forming Double Bottom Pattern as shown in a chart. Key highlights: 💡⚡ 📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of...
S.no Sector Remarks 1 Nifty Closed at 18105 up by 300points, last week’s low of 17780 was breached by only 5 points and then market reversed. All the sector’s participated in reversal except pharma. Weekly & monthly Tf is still not bullish but daily TF is showing signs of reversal. Now this index should not close below 18000 else next leg of downward rally will be...
I am very much bullish on METALS But.... Considerations - 4Monthly Chart Index in focus - CNXMetal Details - I have currently taken nifty metal's 4monthly chart, it means that it takes 4 months to form one candlestick The timeframe will be quite large, the vision that I have might take 1-3 years time Technically we can see the consolidation happening...
NSE:CNXMETAL seems to be breaking out in 3rd wave of Bull Market. And ready to scale New Highs. It is resembling the pattern made in 2020 before mega Rally. Will The History Repeat? I guess so. The Technical Patterns repeat because the Stock Market moves are driven by Human Emotions. And Human Emotions never change. And hence the Chart Patterns work.
JINDAL STAINLESS STEEL as per Day Chart ABOVE 182 TARGET 187 Happy Profitable Trading to All....
Metals to outperform from here on , if we see a break out of this base .
Nifty metal index completed triangle pattern and ready to break it's strong resistance, may give 6800 on chart which means metal stocks will boom like Tata steel, Vedanta, JSW steel etc.
this could be big any weekly close above 6315 looks good for new high in metals
JINDAL STEEL as per day chart analysis Above 445 then Target 455 Happy Profitable Trading to all...
Good Evening everyone, JSW STEEL on a Daily time frame formed a triple top pattern. The last one is all time high. -->After creating all time high came down directly and broke the last low before ATH (Horizontal Arrow) -->Observe the price action after that , Price hardly managed to go to 0.618 Fib level (shown on chart) ->Got rejected from that level and...
Key highlights: 💡⚡ 📊 Currently CNXMETAL trading at level 6027 and 6019 is its support level which is also cup & handle neckline which may work as support line. 📊 If it is breaking support level one can go for SHORT into METAL sector. IF SUPPORT LEVEL IS BREAK THEN ONLY GO FOR SHORT TRADE. ⚠️ Important: Always maintain your Risk & Reward Ratio. ⚠️ Purely...
📊 Script: WELCORP (WELSPUN CORP LIMITED) 📊 Nifty50 Stock: NO 📊 Sectoral Index: NIFTY INFRASTRUCTURE / NIFTY 500 / NIFTY SMALLCAP / NIFTY METAL 📊 Sector: Capital Goods 📊 Industry: Industrial Products Key highlights: 💡⚡ 📈 Script is trading at middle band of Bollinger band (BB) and taking support of middle band which is SMA20. 📈 Already crossover in MACD . 📈...
When we saw heavy selling in US stocks at the same time we have observed weakness in some of indian index. Metal index is one of them. 5900 is a crucial resistance zone where index been rejected multiple times and even last week price broke out but failed to sustain & friday we saw rejection from the zone. A reversal candle will confirm the pattern and can...
TATA STEEL Daily Chart Analyis Above 113.60 Target 120 Happy Independence Day to all.... Happy Profitable Trading to all...
TATA STEEL as per Daily chart levels if 110 is Broken then Target 117 level.