On the last trading day, Nifty Metals had faced the breakdown of his trendline on daily chart. Now it will take support from it's next support level at 5282 & 5169 & then 5000. Such fall in Nifty Metals will cause more panic in market and we will see more decline in price of its major contributor Shares which are Tata Steel (23.56%), JSW Steel (15.38%), Hindalco...
Tata steel stock price has fallen in recent times. However, the price is showing bullish signs now. The volumes are increasing and the price is nearing a breakout. The overall metal index showed a bullish sign.
The XABCD bat pattern sets a supply zone/ PRZ which has to be taken out to make a new all-time high.
Start booking the profits from the supply zone and...
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.
CMP: 122
The stock has given a falling wedge pattern breakout on higher timeframe.
After touching 150, it has been consolidating.
It can move higher from here.
Expectation: 180, 230
SL: Mentioned in the chart based on weekly closing
Nifty metals currently in a parallel channel, also forming a rounding bottom pattern(cup and handle) break out above 5410 can give us target up to all time high and above levels .. look for long opportunity in metal stocks.. (conditions apply only if overall market is bullish.)
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 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 Index is outperforming Nifty 50 Returns and Today we have seen Fresh trendline breakout, We may See Metals Stocks Shining in next few trading sessions. Keep A close watch on TATASTEEL, JSWSTEEL, JINDALSTEL AND HINDALCO
NSE:VEDL
buy above current black line sl that below black line and trailing target is above red dash lines.
******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. we are not SEBI registered.
NSE:JINDALSTEL
🙄😲😳🥺🤓👁👀 keep open and don't think to short without conformation. all levels mentioned keep adding few quantities after each breakout and if break any support book it.
******whatever charts or levels sharing here are just for educational purpose only not a...
Pattern breakouts.
Price should make the strong break of the resistance, to enter trade.
Good improvement in net sales.
Expecting Nifty metal index, if takes support.
current patterns:
1.trading in parallel channel
2.closely following trendline support
3.mid of parallel channel will act as resistance and the trendline support confirms that if the whole channel is broken downside.
4.if it breaks upper channel then we can see testing of resistance of 350-360.
CLOSELY OBSERVE THE PATTERNS WE WILL SURELY GET GOOD MOVES AS MULTIPLE...
![CNXMETAL: NIFTYMETAL-INDEX[1-D or W] Bearish](https://s3.tradingview.com/x/x31ChPK3_mid.png "NIFTYMETAL-INDEX[1-D or W] Bearish")
