📈Keep an eye on Nifty Metals Index . 📈On 13th Feb Index has formed hammer candle which indicates trend reversal. 📈Metal index has taken support on trendline as shown into chart and started moving upwards. 📈Index has made triple top and triple bottom pattern on daily chat. We may see bullishness till 8348 level. 📈Stocks to watch into Metal Sector are as...
#HINDCOPPER NSE:HINDCOPPER CMP: 116.75 TP: 137 // 157 SL: 101 TF: <6m RR > ~2.7 times Return > ~34% SAIL HINDCOPPER HINDZINC NIFTYMETAL TATASTEEL CNXMETAL HINDALCO JSWSTEEL NATIONALUM JINDALSAW JINDALSTEL Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest...
CNX Metal 6116 There is possible wave counts as well as WW developed... Below red line... I am expecting price towards Purple line... Chart is for study purpose only!! Vedang :)
It is at good support level. Already tested many time. Resistance is also tested many times. Break of any of the level can give good opportunities.
Weekly Consolidation between 3800-4100. Any Daily Candle Closing ABOVE 4100 Can give Short Covering Rally till 4400-4500 STOP LOSS BELOW 3800 ON DAILY CANDLE CLOSING BASIS
Key highlights: 💡⚡ 📊 Currently CNXMETAL trading at level 6027 and 6019 is its support level which is also cup & handle neckline which may work as support line. 📊 If it is breaking support level one can go for SHORT into METAL sector. IF SUPPORT LEVEL IS BREAK THEN ONLY GO FOR SHORT TRADE. ⚠️ Important: Always maintain your Risk & Reward Ratio. ⚠️ Purely...
Price is consolidating nicely at prev resistance after the recent up move. We need a confirmation candle to enter the trade, but the setup looks really good with CNXMETAL also ready for breakout
METAL Sector has given breakout. Previous Resistance is now Work as Support. We may see Rally of 5-6% in next trading days. Keep an eye on volatile Metal stocks eg. HINDCOPPER , HINDALCO , TATASTEEL , VEDANTA ETC ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
The indices had a good follow-through after a gap up thanks to IT, Banks and Metals. What are your views?
Weekly closing above trendline support with bullish RSI divergence shows bullish bias. Potential broadening wedge pattern is more likely to form as highlighted if it sustains above trendline support on weekly timeframe. If this plays out as expected, then the max upside should be around 7250 level (top of the wedge pattern). Everyone is having a bearish outlook...
#HINDZINC NSE:HINDZINC NSE:HINDZINC HINDZINC CMP 304 Target 390+ SL 285 TF < 6 months RR > 4 Return 30% Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT...
CNXMETAL 1W: This is a sector which remained sideways during recent market correction and in return formed a flag pattern. It is also in Wave 5. Appears RSI has given BO before price and MACD is ready for +Ve crossover. ADX is indicating trend is strong. Hence, this sector has steam to post another 10-15% upside in coming few days. Accumulate on all dips to...
Metal index is showing good moves after budget along with Elliot wave counts. Possibly wave i & ii of 5 is completed, and possibly wave III of 5th is started. Wave Structure could be like this Macd in daily Macd in hourly Rsi in hourly Bollinger band challenged in hourly Dmi adx also positive Disclaimer I am not sebi registered analyst My studies are...
Nifty metal index in wave iv of 3 and would probably move up after this leg in v of 3, where 3=1
We saw good rally in metals(Tatasteel,jswsteel,jindalsteel,Sail), these many days. Fresh Investors Ignore Metals as of now. Now It's in overbought zone, Will it sustain or we can see a big dip in All Metals. Also looks like completion of Elliott's 5 wave - . Go through my profile in.tradingview.com for all metals analysis done.