Nifty metal analysis - Indian StockAmong all the sector nifty metal looks very weak 8800 now easily can test may be a day or two try to go up but sell on rise will be a good trading set upCShortby Equity_Research_Analyst-022
Sectoral Analysis-Nifty MetalNifty Metal is all ready to make a new ATH. The chart structure indicates a bounce from strong support trendline and we have seen a breakout today of 9400 level. Levels to watch are 9600, 9750, 10000++ Keep metal sector stocks in watchlist for quick swing like Vedanta, Hindzinc, Hindcopper. SAIL iCLongby chartistamey0
Metal Index should break outMetal Index CMP 9970 Last time I posted the weekly chart which is at channel resistance. See the monthly chart it is at Fib resistance. We know the break of the zone will see some fireworks in this sector. Watch this zone!!CLongby singh17vivek2
Metal index about to break freethe Index is taking resistance at the channel and Fib extension around 10051 for the past 6 months now. Look at the correction it is hardly anything. This denotes tremendous strength. A monthly close above this zone will open the room for 11500 which is 15% from here and then 14K which is 40% from CLongby singh17vivek0
Why Metal sector seems strong?CNX Metal tested major resistance, if it breaks it then Metal stocks can see good moves. Recovered fully from 4th June carnage candle. As simple as that.CLongby takmanish0070
NIFTY METALS DAILY. Before moving ahead, I would like to clear why I am posting these sector analysis instead of stock analysis is because for taking any trade I first look at broader market first, i.e. Nifty & BNF and its trend. Then I do sector analysis, for example sector which is trending or showing good momentum oCLongby vivekkagarwal1
NIFTY METALS DAILY. Before moving ahead, I would like to clear why I am posting these sector analysis instead of stock analysis is because for taking any trade I first look at broader market first, i.e. Nifty & BNF and its trend. Then I do sector analysis, for example sector which is trending or showing good momentum oCLongby vivekkagarwal2
Nifty MetalsNifty Metals. Will it head to 7967? Riding the dark horse. Kalyani Steels.Cby narayklnUpdated 1
Nifty Metal - Breakout Setup, Move is ON...#CNXMETAL trading above Resistance of 8747 Next Resistance is at 11523 Support is at 6740 Here is previous chart: Chart is self explanatory. Levels of breakout, possible up-moves (where index may find resistances) and support (close below which, setup will be invalidated) are clearly defined. CLongby MandeepSinghKohli4
Nifty Metal: Metal stocks ready to flyMetal sector: Nifty metals has not shown much rally but as per time cycle this sector seems to be ready to fly in next few days/weeks. My Preferred picks are: Jsw steel, Nalco, jspl. CLongby ChinmayonniftyyUpdated 5