Vedanta has always been in the News for multiple factors - both Positive and Negative Though Metal Stocks are Cyclical, it has come back into Focus at right time. While Nifty Metal index has broken out and all Metal stocks are in limelight now, here are some critical factors that make Vedanta one of the Best among Metal Picks Multi-Year Box Breakout: 16 Year...
With the massive investments infused by Govt of India on Railway Sector to the tune of 1lakh Crore - most of the Railway Themed stocks are flying like Bullet Train. Titagarh Rail Systems an Amazing Upward Parallel Channel on Monthly On Daily - Beautiful Box pattern BO followed by Ascending Triangle Formation Triangle BO pending above 1075 WCB for target...
We discussed this market in the daily ideas this week where we said “If you flick to your daily charts you will see an inside bar along with other indecision candlesticks showing the bulls and bears both have no control.”. Price did make an attempt at the box resistance high, but just as quickly as it made this test it snapped back lower. As the 4 hour chart...
Price action in this pair is forming a pretty solid box pattern that could soon offer trading opportunities. Not only is there a box support and resistance level, but on the smaller intraday charts we have some other minor levels to watch for potential trades. Price is now looking to potentially break and move through one of these levels. If this occurs price...
After making a nice trend higher on the daily chart, price has stalled into a sideways box pattern. After trying to make a breakout higher that ended in a fakeout, price is very much stuck at the moment. The best play looks to be to watch this pair until price makes a clear break out of this congestion and shows some clearer price action.
Watching for Breakout AUDCAD has made a huge rebound higher before making a sideways move in more recent times. As the daily chart shows ; in recent sessions price has consolidated and moved into a box pattern. If we can see this box breakout inline with the previous momentum higher it could see the next leg higher continue. This could also pave the way for...