Once a newbie trader becomes an experienced newbie trader with knowledge, why he is still struggling in trading? With good trading strategies, good trade setups, and technical knowledge about indicators, he will be trading with confidence. But why he is not having confidence?
I will explain two important factors here. First one is the expectation of holy grail...
NIFTY METAL IS ABOUT TO GIVE A STRONG TRIANGLE BREAKOUT AFTER CONSOLIDATION.
Top 3 picks are:
1) Tata Steel: Tata Steel shares have rallied 240% in the last one year on the back of rising steel prices. Tata Steel deleveraged its balance sheet. The company repaid Rs300 billion of its net debt in the last financial year. In its latest quarterly results, the...
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.)
Metal Index ready for Breakout after printing a flag pattern in daily timeframe.
Watch-out for mid cap metal stocks a 20-30% rally possible in next month if Nifty sustains.
On the verge of Positive MACD crossover
Trigger News
PBOC cut RRR by 0.5 percentage point, effective from July 15.
I am not a financial advisor. Use your intelligence before investing.
In Nifty Metal, today Bullish Engulfing have been formed.
And also gave breakout from the handle of the cup.
The pattern is small tough. Let's see how it goes.
We may see breakout from the resistance line soon.
Let's see.
This post is for information purpose only.
Just sharing my own analysis.
CNX Metal is so bullish in the recent days and it is in the channel pattern in an hourly time frame, so Lets wait for its either breakout or Breakdown to take trades in the metal stocks
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
NIFTYMETAL/NIFTY ratio chart is exhibiting retracement from its pullback from last highs. The ratio has shown successful retracement toward 0.318 Fib level and seems to have successfully bounced from that level. This is bullish development for the metal stocks in the coming weeks. We may see the price going back to the previous high and beyond.
