MAHSEAMLES is a leading manufacturer of pipes and tubes Involved in power, electricity, and other industries. Currently trading at all-time high levels. Let's dive into the technical analysis of MAHSEAMLES to identify potential breakout patterns.
📊 TECHNICAL ANALYSIS
MAHSEAMLES is forming a potential breakout pattern on both daily and 75-minute charts,...
Symmetrical Triangle BO formation:
Forming from lows of March 2020 and latest last lowest lows of June 2022.
Strong BO expected if price sustains above 450 levels for this week.
R1: 502
R2: 529
R3: 617-633
Stop Loss: 401
Break out Seen on monthly time frame on JSW Steel . The stock is going to make a new trend and thus provide us an opportunity to be a part of it. With a SL of Rs. 780 , the stock may hike to a level of Rs. 937 and above as shown in the chart.
The above study is not a tip to buy or sell the stock . It is the trend analysis of the stock.
Good Luck !!!
Time frame 15 min, took a short entry after the support was broken using my Moving average. Used FIB levels just to identify the key points of reversal + we need to wait for the line to cross below zero on fisher scale. Targets, SL, Entry is upon chart
Cup and Handle Pattern Breakout in NMDC Steel.
40 Price level was acted as strong Resistance, now that level is broken with good candle and significant Volume.
Retested that level and 41.55 was the high of the breakout candle.
If today's candle closed above that level, then there is a high chance stock can move till 49-50 Range in Coming days.
38 is the idea...
The metal sector is cyclical in nature , most of the stocks have undergone 50%+ correction , SAIL has fallen from 150+ levels and made lows around 65 forming a wide base double bottom and nearing breakout levels of 87+ , the volume profile also shows the maximum accumulation around the 75 levels , with a fall in the US inflation and the cooling down of the DXY...
TATA STEEL has potential both sides, so it is better to have an IRON CONDOR
-1x 28JUL2022 800PE - ₹ 1.2
+1x 28JUL2022 760PE - ₹ 0.55
-1x 28JUL2022 1060CE - ₹ 1.4
+1x 28JUL2022 1120CE - ₹ 0.6
With ROI of-1.67% with just 7 days of trading session left
It is a very good opportunity for safe traders
The only thing required is large capital...
JSWSTEEL is trading in Descending Channel from the last 1 year, however we did see a breakout above the channel on 17th Marth 2022. Post that price rallied up till previous resistance of 770 and faced selling pressure which pushed price again inside the descending channel. Currently the stock is trading near channels lower level with immediate support at 520 and...
📈 SAIL 📉
Today broke out from a Resistance Zone after testing two times and also broke out from a downtrending Trendline Zone on closing basis.
On Buy Side I am looking for Targets of 114, 129 followed 143.
StopLoss should be kept at 93.
It offers 1:4 Risk To Reward.
All Important Supports and Resistances are drawn in chart. All levels are on closing...
📈 Jindal Steel & Power 📉
Today broke out from a Resistance Zone which is high year 2021 on closing basis.
On Buy Side I am looking for Targets of 646, 751 towards all time high
StopLoss should be kept in 445-450 zone.
It offers 1:5 Risk To Reward.
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a...
Reasons to buy NSE:SAIL :
1. About to break long term trend .
2. Small divergence seen on RSI
3. Reverse Head and Shoulder seen in RSI
4. Bullish Marubozu candle without wicks indicates bullish coming weeks .
Need to hold it for Long time as the tf here is 1 DAY.
📈 Tata Steel 📉
Tata Steel is breaking out of trend line after testing multiple supports at lower levels. Possible targets of 1410 & 1500 will be possible.
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor...
Intraday Trade in Sail.
- Falling wedge pattern with major support.
- Divergence at lower timeframe indicates breakout.
- For safer side take the entry after Breakkout.
- Aggressive trader take trade at conversion point also as there is 2 confirmations(major support and Bullish divergence).
Thankyou.
📈 JSW Steel Ltd. 📉
Today broke out from a downtrending Trendline Zone on closing basis.
On Buy Side I am looking for Targets of 760.
StopLoss should be kept at close below 660.
It offers 1:1 Risk To Reward.
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more...
With the overall metal sector giving a breakout on the charts, a few stocks are lagging behind and a few are fueling the rally and one among them is JINDAL STEEL & POWER ,the stock had earlier rallied with the metal sector and after a wide range low volume consolidation of about 10 months the stock has given a breakout ,it is not suggested to immediately jump...
Equity name - Tata Steel
Below scenarios might be possible
Buy above 1370-75 target 1480 & 1533
DISCLAIMER - DO YOUR OWN ANALYSIS AND WATCH MY PREVIOUS ANALYSIS
