nifty metal trendline breakout. length target achieved already. percentage target pending. save the tweet 2025-26 nifty metal will touch 10k.
NSE:CNXMETAL index is looking weak on charts with multiple bearish formations in place. Referring to candlesticks, last week's close has come with 3 inside down candles. Though this candlestick pattern is not completely reliable, it suggests price making lower lows and the index is witnessing pressure! On last week's candle, it also formed a bearish marabozu...
Nifty Metal closing 5477.7 with stoploss level is 5210 then targets are 5800-6200. Bullish Reason. 1 --> Price retest the Buying Zone. 2 --> RSI is Show Reversal. 3 --> ADX is show the Bullish move and +DMI is rise. 4 --> Bollinger Bands are now face support at Lower Bollinger Bands,
NSE:CNXMETAL Metal stocks are bottoming out in wave 2 correction. Shall be heading in wave 3 higher. Bought couple of them today.
Bearish pennant breakdown in Metal index. 4600 levels likely in coming days.
CNX Metal Looking Weak Logic: Pure Price Action More bearish if break lower level
Publishing herewith my idea about nifty metal using higher time frame
While NSE:NIFTY has made new low as compared to Dec 22. NSE:CNXMETAL Index has not broken the Dec 22 lows. This Inter Market Divergence again signalling strength in Broad Market stocks. Historically it leads to Bullish trend reversal.
Unexpected rally in metal index. Might have fuel for 6 months. Swing /momentum players can do some positional in this but not for buy and forget...
Normally I don't do sectoral analysis but this one demands our attention, fundamentals & price action are both looking good for the metal index. As mentioned in my detailed analysis of tata steel, even the metal index did a possible bear trap. Fundamental wise this sector is the most hottest for the coming weeks/months as China opens up & the COVID wave peaks over...
It's time to be aware that metals are a hot topic right now. and once a certain stock or index enters retail, markets frequently move in the opposite direction. It is wiser to wait for a follow-up candle when taking longs. follow for more
I am very much bullish on METALS But.... Considerations - 4Monthly Chart Index in focus - CNXMetal Details - I have currently taken nifty metal's 4monthly chart, it means that it takes 4 months to form one candlestick The timeframe will be quite large, the vision that I have might take 1-3 years time Technically we can see the consolidation happening...
NSE:CNXMETAL seems to be breaking out in 3rd wave of Bull Market. And ready to scale New Highs. It is resembling the pattern made in 2020 before mega Rally. Will The History Repeat? I guess so. The Technical Patterns repeat because the Stock Market moves are driven by Human Emotions. And Human Emotions never change. And hence the Chart Patterns work.
On watchlist, wait for breakout with RSI in mind, may be make new high & negative divergence if that happens on monthly time frame then exit otherwise make an entry
Market has opened. Price is moving. You are watching the market. The question is, “do you live in present, understand the market or living in the present or future?” Everybody enters in to trading, thinking that it is easy to make money in share market. They never think to make easy money, one has to be a consistent trader and it takes time. The phases of a...
Metals to outperform from here on , if we see a break out of this base .
Nifty metal index completed triangle pattern and ready to break it's strong resistance, may give 6800 on chart which means metal stocks will boom like Tata steel, Vedanta, JSW steel etc.
this could be big any weekly close above 6315 looks good for new high in metals