TREND ANALYSIS & TRADE SETUP ! WAVE ANALYSIS !! Follow Chart Instruction. Do not be Hurry for entry. Wait for Proper Entry Setup. Buy/Sell with Best Risk Reward. Educational Chart Only. Wait for ENTRY CONFIRMATION ! Risk:Reward: 8-10 times.
It seems the support has broken. Metal stocks can be shorted with risk management
Nifty Metal sector index has been in a parallel channel since 2020 March-April. On 29th April 2021, it broke out of the parallel channel, but retested the same levels by forming a cup and handle pattern. This cup and handle pattern also seems to be broken on 11th June 2021. Which signals bullishness in Nifty Metal stocks. Analyse Nifty Metal stocks individually...
Metal rally is not over it is a temporary blip. Reasons why the rally in metal stocks may not end so soon: 1) As there is a strong demand for metals, the supply chain is not yet fully in place and there is an expectation of a super cycle, the party in metal stocks has just begun. 2) The global economic data is very strong. Once the second wave is over, then...
NIFTY METAL, all metal stocks looking highly bullish, also good cup and handle breakout in index showing positive sign.
FIRSTLY THE METAL SECTOR ARE BULLISH. JSW STEEL MAKING THE CUP AND HANDLE PATTERN AT 1D TIME FRAME. CMP 731.20 AT THE NECKLINE OF CUP AND HANDLE PATTERN. BUY ABOVE 733.40 T1 - 754.90 T2 - 773 ( ALL TIME HIGH) IF 15 MIN CANDLE SUSTAIN ABOVE 733.40 THEN ONLY TAKING THE POSITION. THANK YOU.
NSE:CNXMETAL New high is ahead as institutions are also bullish to heavyweight
NIFTY METAL SECTOR IS LOOKING STRONG AGAIN. THIS WEEKS CLOSING WAS GOOD. Next week will be decisive, but looks like its ready for next big moves.
Hindalco is forming a symmetrical pattern and can break either side of the triangle. A break above can be traded for long position for targets of 411 and 426. A break on the downside can be traded for short position for targets of 380 and 367. A downside break will lead to the price going below the 50 EMA, and the first target mentioned for 367 is the level of 200...
JSW Steel is forming a descending triangle. A break from the trendline can be traded for a target of 730 which is a high resistance region with a stop loss of 670. 673 level has support of 200 EMA, that's why SL can be taken at 670. Make sure to trade what happens and not what you expect :) Note: Please do not follow my idea blindly, please analyze yourself as...
Hey Guys, Nifty Metals is taking bounce on EMA 20 Days metals rally is not over yet once it will break 5080 and hold its position for 5 to 15 minutes then a strong momentum market will see
NSE:TATASTEEL short only if you know reversal . if one find reversal at reversal zone in chart than short with given stop loss on chart. recently we have mind-blowing results in #reliance #lupin #coforge and #tatstee now understand phycology, after this great results all stocks falling from next day do you know why? coz this is market works moves comes first on...
NSE:TATASTEEL short this stock if fine reversal at harmonic PRZ. for that you must have knowledge of reversal then only trade on my charts please. ******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them....
Nifty Metal Trend Analysis and Important Callouts. Nifty Metal is on uprun from long time. A downward channel is developing any may test main upward channel mid and lower channel support in coming days. If lower developing channel is breakout upwards then Metal may continue to rise as it was doing before. Will revisit this idea in coming days to see if index has...
NIFTY AUTO CURRENTLY IS AT RESISTANCE FOR GARTLEY PATTERN ON .786 LEVEL BUT IT COULD ALSO BE CRAB PATTERN AS .618XA IS THERE IN BOTH GARTLEY AND CRAB IT MUST CLOSE ABOVE CURRENT BLUE AND MUST SUPPORT IT TO BE CRAB PATTERN. FOR CRAB PATTERN WE CAN SCORE 364 POINTS I AM BULLISH ON MARKET TRADE AND INVEST AT YOUR OWN RISK
While many TV analysts are still pretty bullish on the steel sector due to global factors on steel, I believe we could witness a small/medium correction in the days to come although the overall picture is still very bullish. I see long Bearish Divergence. I have broken down the major divergence into smaller blocks and as seen in the chart every time a bearish...
The index gave a good breakout yesterday, however the RSI has not been supportive of it. We can expect correction in metals in the coming days.