CNXMETAL trade ideas
NIFTY Metal LongNIFTY METAL
MTF Analysis
Nifty Metal 50 Yearly Demand Breakout 8016
Nifty Metal 50 6 Month Breakout 8016
Nifty Metal 50 Qtrly Demand 8436
Nifty Metal 50 Monthly Demand 8436
Nifty Metal 50 Weekly Demand 9171
Nifty Metal 50 Daily Demand dmip 9173
ENTRY -1 9171
SL 8727
RISK 444
Potential Target 11856
First recovery Target Points 1661
Last Swing Low 8534
Last Swing High 10195
RR 3.74
RR 29%
METALS --BUYmetals index have bottom out at 8700 level .382 % retracement of previous wave and c of 4th ended now again made 9500 approx in 1st wave and in 2nd wave corrected to 9009 level in 2nd of 5th wave now 3rd of 5th in progress and once crosses high of 1st wave approx 9505 you will see high volume and our trg of minimum 11000 inverse head and shoulder breakout also .
Nifty Metal: An overviewThis is a quick one. The chart should tell you everything there is to know. We will keep updating the comments below as the price action unfolds.
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Nifty Metal !!! are we going to experience the BIGGG Fall ??Hello All,
The recommendations are purely for educational purpose only, consult you financial advisor before trading.
Targets are mentioned in charts (either red lines or balck lines), keep Stop Loss as per your risk..
If you like my Idea, Don't forget to Boost and comment on my Analysis..
Have a profitable year ahead
Gautam Khanna
Technical Analyst by Passion :-)
CNXMETAL - Just a View📈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 follow: -
📊 Script: SAIL
⏱️ C.M.P 📑💰- 125
🟢 Target 🎯🏆 - 142-150
📊 Script: TATASTEEL
⏱️ C.M.P 📑💰- 141
🟢 Target 🎯🏆 - 147
📊 Script: JSL
⏱️ C.M.P 📑💰- 599
🟢 Target 🎯🏆 - 615
2024 belongs to metalsNifty Metal broke out of the expanding triangle in the year 2022 with an amazing rally of 350%
After this rally, it consolidated for a while in the form of another contracting triangle till November last year and it recently retested the upper channel of the contracting triangle
I will look to buy at current market price
Stoploss @ 6,350
Target @ 20,000
Time frame 2-3 years
Decoding the Mystery behind Dec 20 Fall - Part 22. Nifty Metal - 2nd highest fall among Nifty Peers - 3.82%
Monthly Chart - After a 10+ years BOX pattern BO in 2021, it went higher and formed an Bullish Ascending Triangle and BO was also done
Weekly Chart - After BO the usual retest is happening. Once again - compare the previous weekly RED candles - nothing alarming today and Bullish Pattern perfectly intact
Support around 7170 to 7270 levels
Nifty Metal uptrend beginsA breakout from a bullish pennant in NIFTY METAL suggests a potential upward trend continuation. Traders often look for confirmation and monitor volume during the breakout for stronger signals. Keep an eye on the price action for further indications of the market's direction.
