HINDALCO CMP 573 Cup and Handle breakout can retest breakout level of 550 can initiate longs near 550 level target is 700
Descending triangle. Possible short term bearish. But we are in commodity cycle and steel would be a good bet after correction.
There is harmonics from where jindal steel can reverse. rest all thing mentioned on chart. kindly refer chart. thanking you.
NSE:SAIL From the highs of 150 stock has given a corrective fall, One should go long near current level keeping SL of 93 & look for the target of 117/125/130+
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....
After testing our nerves of steel, the stock is gaining power. A good risk-reward above resistance.
This week can be deciding factor for sail despite poor results Quarterly. Trend reversal can be seen if holds the lower support live of the week.
Long consolidation, volumes with breakout. Plus, rally in copper & other commodities globally. Dollar Index weakening too. GREAT RISK REWARD
Tata steel is a must buy as soon it breaks trendline resistance. Currently it is below 200 MA which clearly a big factor of not buying right now. Keep track of it.
Tata Steel has breakout triangle pattern and restested and ready to give upside rally
Buy Tinplate for Positional Trading as well as Investment💸🔥💸 Comment your views!!!🧐🤔🧐 . ✅Both TECHNICALLY and FUNDAMENTALLY strong stock.💪💪 The company posted the best Q3 result in its history. . ❇️The stock has given Multi-Year Volume Breakout with Cup & Handle pattern formation. Also, the Q3 result is the best result in the company's history. With the recent...
Buy Tata Steel for Positional Trading as well as Investment💸🔥💸 Comment your views!!!🧐🤔🧐 . 💡Key triggers for future price-performance: India’s share in Tata Steel’s overall consolidated production capacity has risen from 29% in 2010 to 57% in 2020 and is likely to reach 73% by 2030. For FY22E, Tata Steel is targeting over US$2 billion gross debt reduction wherein...
Tata Steel Cmp - 1177 Stop - 1050 Expectation - T1 - 1350 T2 - 1500, Review at 1500 Expected Holding Period - 3 months or earlier for T1, 5 months or earlier for T2 View:- Swing/Investment
P.s. Strong chart once this breaks out of range. Long consolidation. Now chart ready to move. Risk- reward favourable. Copper Index showing inital strength too. Same goes for nifty metal.
Metal stocks index is showing divergence in overbought zone and the fall is also started. exit long positions and move to private banks
Technical Analysis According to chart Tata Steel has entered its first support range of 1080-1060. If it falls further it can go to previous all time high level of 880. After that support for Tata Steel is the range of 600-700. One can add small quantities at every level for mid to long term investment. Fundamental Analysis PE Ratio : 17.88 (Undervalued in...
TATA STEEL as per my weekly and daily chart analysis today have made fresh entry at 1190 level and target 1250 level. Happy Trading to All
TATA STEEL as per weekly chart analysis has come back to its previous consolidation phase and once it breaks 1190 level then target 1250 achievable