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X-STEEL

NIFTY METAL : METAL BARONS HAVING TOUGH RESISTANCE GOING AHEAD2 years ago in Feb 2016 , Nifty and Nifty Metal did bottom out together after that a year later, in Jan 2018 Nifty and Nifty Metal both made a top as well. Since then Nifty Metal is underperforming compared to nifty, while nifty climbing back to new highs, Nifty metal is just started advancing month ago. Current rally in metal index is showing strength but need to be cautious buying this rally. As Nifty Approaching New life high's and We are heading to Elections so Volatility will be there but I have No Doubt About Election Result, Not Expecting any volatility in Results, Mr Modi Kaka is Going to Win For sure. We Will again have clear majority and strong Government in Centre. But Sometimes as bad news are buying opportunity, Good News are profit booking opportunity. So 2nd term of BJP will be Good news & may result in profit booking ? This is just my view, do comment what you think about it. Let's get back to Metal, My View is When we will have corrective waves in boarder markets, Nifty Metal will be no exception, so the view is to keep a eye on Metal Barons and not to miss a short opportunity, if there is any in future. Only Condition is, It has to respect resistance drawn on chart above and in Stocks drawn below. If you check METAL BAROONS all are almost approaching it's tough resistance along with NIFTY METAL. Let's take a look at them individually. 1) COALINDIA 2) HINDALCO 3) HINDZING - OUTPERFORMING. 4) JINDALSTEL 5) JSWSTEEL - Waiting for Bearish Flag to get formed. 6) NALCO 7) NMDC LTD 8) SAIL - Awaiting H&S Breakout 9) TATASTEEL 10) VEDL I took Heavyweight Stocks all are S&P BSE METAL Index Constituents and skipping HINDCOPPER, MOIL, WELCORP, JINDAL STAINLESS (H) LTD, APL APOLLO TUBES LTD. This are non F&O stock Can't Short it. Above post is just for preparing for a opportunity when corrective wave starts, Many from the above will be good short candidates. There is buy opportunity in Sail, Nmdc, Tatasteel, HindZinc. I will post if it meets 1: 4 Risk to Reward, if Suitable RR is not there I will just wait for shorting at Resistance levels. Everything depends on how market unfolds in future, Market is supreme not my View. All Levels - support - resistance all are meant to be broken. It is better to be prepared for an opportunity and not have one than to have an opportunity and not be prepared. -Les Brown Do let me know in comments, if I am missing anything to this view or what you think about this opportunity or any contrarian view on this I would love to hear that. Thank you !
NSE:CNXMETALShort
by Equity-Earningz
MyAlgo : xMRSI-Progresser: Intraday : 21Sep-TATASTEEL-LongBased on my "xMRSI-Progresser" predictive trading methodologies, its going to be a GREEN candle on 21-Sep-2018 for TATASTEEL Buy Above(5Min candle close): 622.8 for targets - T1: 627.5 T2: 630.3 T3: 633.2 SL: 617.8 Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
NSE:TATASTEELLong
by MuthiahM
My PredictiveEngine's Intraday call(14-May-18)-TataSteel-LongBased on my PredictiveSystem's signals, its going to be a GREEN candle on 14-May-2018 for TataSteel Buy Above: 608.8 for targets - T1: 613.4 T2: 616.1 T3: 619 SL: 603.9 Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
NSE:TATASTEELLong
by MuthiahM
2
My PredictiveEngine's Intraday call(08-May) - TATASTEEL - LongBased on my PredictiveSystem's signals, today (08-May) its going to be a GREEN candle for NSE:TATASTEEL Buy above: 598 Target-1: 602.4 Target-2: 605.1 Target-3: 607.8 Stop loss: 593.1 Note: These calls are based on my own analysis. It may or may not work well for you. So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
NSE:TATASTEELLong
by MuthiahM
My PredictiveEngine's Intraday call(05-Apr) - TATASTEEL - ShortBased on my PredictiveSystem's signals, tomorrow (05-Apr) its going to be a RED candle for NSE:TATASTEEL Sell below: 559.1 Target-1: 555.2 Target-2: 552.1 Stop loss: 563.7 (strict SL) Note: These calls are based on my own analysis. It may or may not work well for you. So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
NSE:TATASTEELShort
by MuthiahM
My Predictive Engine's Intraday call(23-Mar)-Hindalco-Long Off-late I started investigating more on predicting the next candle for the day and seeing enough success by using the patterns of various indicators. Pine scripting in tradingview has helped a lot to automate everything and create necessary signals. Based on the engine's call, tomorrow (23-Mar-2018) will be a super "GREEN" for Hindalco NSE:HINDALCO Buy above: 217.3 Target-1: 219 Target-2: 220 Target-3: 220.95 Stop loss: 215.4 Note: These calls are based on my own analysis. It may or may not work well for you. So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
NSE:HINDALCOLong
by MuthiahM
Tata Steel...Heading towards new horizons...TataSteel, one of the largest metal company of India, was in a steep downtrend since almost a decade. It hits high of 1048 in October 2007 and then we saw lots of ups and down in the counter. It hit another high of 579.90 in June 2014 and again it went down to touch the bottom of 199.70. Th counter started fresh upward movement in September 2015 after making a double bottom on daily charts. We identified the counter at around 220 and confirmed the upward movement. The immediate buy call was given and the call still continue, rather further strengthened with the strong and affirmative breakout of long term trend line on monthly charts in last month. The up trend is confirmed and the stock started northward journey to achieve new horizons. We hope for the targets of 600 in six month to 1 year horizon. So, investors are advised to long the stock in cash segment and tighten the belts for a wonderful joy ride... Even after achieving targets of 600, the counter can be followed for new highs in current upward movement with dynamic SL. Enjoy trading Trend is Friend...
NSE:TATASTEELLong
by TusharDave
2