Hello and welcome to this analysis VEDL has given a Bullish Harmonic Sea Horse breakout indicating a target near 415-425 with a stop loss at 255. It could be accumulated between 325-285 with a stop loss at 255. Medium term bullish structure with a good risk reward set up Happy Investing
At the beginning of June I put out an idea about shorting Copper . The market didn't do me the favor to get up to my entry, as I ignored past resistance. Probably got a little greedy too. Currently copper is sitting at support and could bounce up to 4$, maybe even up to 4.25$. However in the long term, I see it go much much lower. In my opinion we are in a...
Hello and welcome to this analysis on TATASTEEL After a v sharp decline in MAY-JUNE the stock has now formed and reversed from the PRZ of a Bullish Harmonic ABCD As long as it sustains above 840 it can do a pullback to 925 and 1000 Risk Reward good for longs
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...
After an extraordinary bull run from March 2020 to April 2021, JSW steel has been consolidating from the past one year. It has already given a breakout from flagpole pattern and has reached its ATH which is 776.50. RSI is looking very strong as it is above 60 in the weekly TF. Looks like a good swing as well as positional trade if it sustains above 775 . One can...
The stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by Supports Nearby. Risk Reward Ratio - 2:1 SL is placed below the support zone & the lower trendline. The target is placed near resistance.
The Above Chart is of Metal Index. Metal Index is looking the strongest amongst all the indices in the Nifty right now. Big resistance zone is 6301 and 6360 range. Currently CNZ Metals is at 6276.35. The chart is very similar to Cup and Handle breakout. Although it is not an exactly semicircular cup and handle but the results can be similar. One candle above 6360...
The stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by Supports Nearby. Risk Reward Ratio - 2:1 SL is placed below the support zone & the lower trendline. The target is placed near resistance.
The stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by Supports Nearby. Risk Reward Ratio - 2:1 SL is placed below the support zone & the lower trendline. The target is placed near resistance.
Hello and welcome to this analysis on TATASTEEL After consolidating near 1050 it gave a sharp bounce back within a corrective structure that went onto test its falling upper trend-line. Now as long as it does not sustain above last THURSDAY high there is a strong probability of resumption of its downtrend in the Z leg of the complex WXYXZ it has initiated from...
This video has my views about Metals Segments and top stocks which I have picked for my trade along with the logic, why I picked the trade. Regards AAsta
Hello and welcome to this analysis on TATASTEEL From the recent highs after a tremendous rally for around 15 months TATASTEEL reversed and has so far shown all indications of a complex corrective within a falling channel. After completing a WXY in end NOV near lower channel it bounced back to the upper end of the channel but in a corrective structure till mid JAN...
Teck Resources Ltd. ( NYSE:TECK ) Sector: Non-Energy Minerals (Other Metals/Minerals) Market Capitalization: 19.179B Current Price: $35.95 Breakout price: $34.75 (hold above) Buy Zone (Top/Bottom Range): $32.10-$29.85 Price Target: $38.20-$38.90 (2nd) Estimated Duration to Target: 58-60d (2nd) Contract of Interest: $TECK 5/20/22 40c Trade price as of publish...
The stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby. Risk Reward Ratio - 2:1 SL is placed below support zone & the lower trendline. The target is placed near resistance.
The stock has reached lower trendline and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby. Risk Reward Ratio - 3:1 SL is placed below support zone & the lower trendline. The target is placed near resistance. Market is bearish, so take positions carefully.
1/ METALS sector coming uner leading Quadrant 2. targets as shown 3. Watch for volumes for next week 4. Momentum Building up like if you agree
The stock has broken out and retest therefore may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby. Risk Reward Ratio - 2:1 SL is placed below support zone, 200 EMA & the lower trendline. The target is placed near resistance.
Greetings Traders, Gold has been in a continuous downtrend since June, 2021 followed by a major crash on 9th August, 2021 which pushed the gold prices to as low as ~1,680 $ to the support level of April - June, 2020 and March, 2021. But the crash was soon followed by strong buying of Gold which resulted in daily candle closure above upper demand zone, but that...