as the nifty chart is forming a doble top and neckline of 16800 will make as support but the current situation is not supporting the chart and we can expect the market enter into a short bull cycle and we can see price of 15500 short term .
As hawkins cooker break all time high level this week we can expect stock to give another 15 to 50 % return in short to mid term, for short term trader entry/hold with a stoploss of S1-6080,S2-5790,Target of T1-7000,T2-7500,T3-9000.For long term investor if price fall to 5800-6100 level then best level to entry otherwise enter with small quantity @ CMP
AS gold above the trend line if continue traded above 1880-1890 level than we expect a move toward 1965
as we see 1878 is the resistance level it test multiple time and came down and now it around that level if traded above we expect good move
RSI ABOVE 70 ALSO GIVE A STRONGE APPROACH TOWARDS MARKET
we see on the chart a major breakout happen in the hindustan cooper after 9 year of gap it will cross 170 level we buy for a target of 300 with stoploss of 170 for short term the level you see on the chart
FUNDAMENTALLY BASE COPPER PRICE MAY CROSS 1000 LEVEL WHICH IS 25% FROM CURRENT LEVEL BENEFICIARY HINDUSTAN COPPER AND HINDALCO THESE TWO MUST BE IN YOUR PORTFOLIO
we can buy tata steel bsl at current market price with a first stoploss of todays(10-05-2021) low 98 and second stoploss of 85 which appear on recent red candles low on daily time frame for 1st target of 135 and 2nd target of 155 .
logic behind the trade is 1- we see a large rounding bottom with breakout
2- for stoploss we use todays(10-05-2021) low and recent red...
TATA STEEL LONG PRODUCT LOOKS AWESOME as it shows WEEKLY GAP UP in this week and if sustain to break the ALL TIME HIGH OF 1065 on weekly basis THAN it expected to make new high off 1600 with in 3 - 9 month interval and may be 2000 who's know ??????????