CNXMETAL trade ideas
METAL SECTOR TO BE WATCHEDLOOKS LIKE A TRIANGULAR PATEN WITH GOOG SUPPORT IN THE METEL SECTOR.. THIS WILL BE A MAKE OR BREAK LEVEL SO WATCH CARFULLY
Metal index below the trend line that it took support from Please be careful in metals as it is currently trading below the trend line.
NIFTY METAL REPEATING HISTORY WITH PENANT ?As you saw in my NIFTY BREAKOUT ANALYSIS, IT HAS TO COME DOWN TO GO EVEN HIGHER !!
Consistent Trader - Chapter 2Market is dynamic. You cannot predict market will behave in a certain way. Market movement is based on probability and your trading reflects it. The price movement gives the information about the trend. From that we form perception/view about market. Our perception is the basis for the trading.
Changing the perception becomes a problem for some people. For example “Person A” has bullish view about the market before it opens. Market opened gap up and shows the sign of reversal. If “Person A” do not change his perception by understanding the reversal signs, he will lose money. Similarly changing the view often is also not good. If you change your view about the trend for each and every candle formation, then you won’t get clarity about market trend.
Now lets come to the important point. How to overcome it?
Have high probability trade set ups and trading strategies. Trade only when your trade set ups form. You will have more clarity and confidence when you follow the tested trade set ups and trading strategies.
Do you want to reduce the intermediate phase duration?
Avoid taking random trades. Always have a plan about handling market movements. Once the market opens, your emotions will be highlighted and at that time processing the information, planning the trade and deciding what to do becomes tough.
How you perceive the market with your trade setups and trading strategy decides your success.
(To be continued next week...)
NIFTY METAL: Watch out for Metal Stocks!🗡Trendlines are marked. If abv TL is broken we may see a big rally in the metal sector (jsw steel, jindal steel, hindalco, vedanta, Hindustan zinc, etc) further too. A good opportunity for positional traders and medium-term swing traders.
Nifty Metal rally may touch 6500I don't know when this will happen but this strong breakout in metal index has activated many levels on upside. A good strategy would be to add quality metal stocks in your portfolio on every dip.
This is a pure idea, take your trade as per your risk management.
Nifty Metal NIFTY METAL HAVE BEEN RALLYING FROM PAST FEW MONTHS WITHOUT ANY CORRECTONS ON LARGER TIME FRAME.AND NOW IT IS AT A VERY CRUCIAL LEVEL KEEP AN EYE
Nifty Metal - Trend Analysis and Important CalloutsNifty Metal Trend Analysis and Important Callouts. Nifty Metal is on uprun from long time. A downward channel is developing any may test main upward channel mid and lower channel support in coming days. If lower developing channel is breakout upwards then Metal may continue to rise as it was doing before.
Will revisit this idea in coming days to see if index has moved out of main upward parallel channel.
Please do leave comment and feedback if you have any. Any feedback is welcome.
Thanks.
NIFTY METAL INDEX:NIFTY METAL INDEX:
METAL INDEX BULLISH
FOR UPSIDE POSSIBLE MOVES AROUND 4728 & 5000.
Metal Index NSE// Metal Index //
20/04/2021
# Weekly CAM Pivot Support @ 4250 confluence with previous ATH
# Fast Fib (38.2%) on Monthly TF is getting respected and PA also supportive.
# If by chance get 4250, Best buy. By that time expect 3-4% correction in metal stox would have taken place.
# Post 4250 we may expect 4700 (i.e. 10-12% upside)
END OF WAVE 5.EXIT LONGSCNX METAL INDEX IS NEARING IT'S WAVE 5 OF IMPULSE.AS IT HAS TAKEN A FORM OF WXY CONVENTIONAL WAVE 5 TARGET'S ARE EXCEEDED.AS OF NOW WAVE Y OF WXY DOUBLE CORRECTION STRUCTURE IS NEARING IT'S 1:1 EXTENTION TARGET AREA.EXIT LONG'S BECAUSE COMING DAY'S MIGHT SHOW US DEEPER CORRECTION AS THIS TIME IT WILL BE CORRECTING ENTIRE 5 WAVE IMPULSE.
ALTHOUGH WAVE Y TARGET CAN BE STRETCHED TILL 123.6% TO 161.8% EXTENTION OF WAVE W,ONE SHOULD NOT HOPE FOR THIS SCENARIO FOR EXITING LONGS.
Analysis for coming day'sDo you your Own Study Before Entering All Analysis is Educational Purposes - RISING BULL
NIFTY NEXT 50 indices analysis part-4NIFTY AUTO CURRENTLY IS AT RESISTANCE FOR GARTLEY PATTERN ON .786 LEVEL BUT IT COULD ALSO BE CRAB PATTERN AS .618XA IS THERE IN BOTH GARTLEY AND CRAB
IT MUST CLOSE ABOVE CURRENT BLUE AND MUST SUPPORT IT TO BE CRAB PATTERN.
FOR CRAB PATTERN WE CAN SCORE 364 POINTS
I AM BULLISH ON MARKET
TRADE AND INVEST AT YOUR OWN RISK
