BREAKOUT TO TRADE:
Nifty Metal Sector has gave weekly closing above 61.8% Fib Retracement which means Metal Sector is now officially in Bullish Trend.
Our Long Term Pick is TATA STEEL
1. Symmetrical Triangle!
2.Metal Sector Staring at a Breakout!
3. Removal of weak hands done last week.
TARGET : 1500+
SL IS WEEKLY CLOSING BELOW 595
Ever since Tata motor's EV segment started shining, the supportive leg which is TATA POWER setting up charging stations across nation and Govt of India pushing for green vehicle parade by 2030 this stock looks like an excellent investment pick. Friday it saw a huge volume activity because of the news that Tesla is in talks with TATA POWER to set up charging stations.
Bajaj Finance had taken support from level 5194 level, despite the sell off on friday, Stock has held the existing level firmly which indicates big fish activity. Stock can move up to 5822 level soon and above.
Short term swing BUY. If you get dips, accumulate.