Its been 4 years since SAIL recovered from rock bottom price of 20. When late Big Bull Rakesh J took stakes in SAIL, it was trading somewhere around 90 and had reached a peak of 150+ and fell again to 65-70 levels It took 2 years to complete the return journey back to 150+. Lets now compare the short- and long-term views and respective targets Long Term View:...
Vedanta - A picture is worth 1000 words... Vedanta ATH 495 created in 2008 me. 16 years ka vanvaas se bahar aane ja time hai abhi The bottom of the box is 60 and top.of the box is 495 From 2020, Vedl is making efforts to go higher - sideways - higher to ensure it gathers enough power to BO 495 Yes it will struggle a tiny bit when it tests 495 but that's not...
Recently all the Metals are going thru a Major Rally globally with Gold leading the Chart following by Silver, Copper, Steel and now Aluminium joins the Party National Aluminium has formed an Interesting Pattern on Daily Timeframe resembling a "Veena" Musical Instrument and apparently NALCO is ready to play a divine song :) Price Broke out of a larger Rounding...
For the past couple of Weeks - Gold is falling in the International Market. We all know that Commercial 22k Gold needs Copper to make it stronger, but here we are seeing Copper Turning Gold by itself... Hindustan Copper is all set to rewrite history... Technical Analysis: Weekly: Beautiful Cup & Handle BO completed on Weekly with targets of 320, 370 Monthly:...
Fellow Traders, I marked the resistance lines I identified with red, and I identified a rising wedge pattern in white color on the chart. Behind the lines, gold has been accumulating a strong demand within the wedge. The chart pattern itself is a kind that tends to break downwards. In general, a rising wedge is a bearish setup. However, general rules don't work...
Metal Sector and its component are in correction phase NSE:CNXMETAL sectors NSE:HINDALCO NSE:JSWSTEEL NSE:NATIONALUM have created same structure as NIFTY50. NSE:HINDALCO NSE:JSWSTEEL NSE:NATIONALUM daily candle close below entry level. We can see all targets along with NIFTY50. Disclaimer - All information on this page is for educational...
Spot palladium is the physical form of palladium that is traded on the spot market. It is not a futures contract, and it is not subject to the same margin requirements as futures contracts. This makes spot palladium a more attractive option for investors who want to avoid the risks associated with futures contracts. The outlook for spot palladium in the next 3...
XAGUSD on the 15 minute chart had price action with a flat top then a VWAP line pullback into some continuation then rising into a head and shoulders and a fall into a support / demand zone with some tests of VWAP while underway. At present price sits on the support zone in this horizontal parallel channel with about !% of range. The ZL MACD well reflects...
XAGUSD on the 15 minute chart- bounced off an intermediate term anchored VWAP during the middle of the NY session. The Relative Trend Index indicator and the Z-score are confirmatory. Price is now trending on the line of 2 standar deviations above the mean VWAP line . I will open a trade here targeting 25.25 expecting a rise to the third deviation line in...
NSE:JSWSTEEL Super bullish on METAL SECTOR..... It can give fresh rally ..... go through charts of TATASTEEL / HINDALCO/ SAIL ..... only for educational purpose, invest at your own risk.
NSE:VEDL Stock is consolidating between 275-285 from past a month. From past few days (Last week of June) The stock is getting seller pressure however it is not able to close below 275. It’s a sign of strength that buyers are defending this level. Today Stock has shown a bullish hammer around the support level. It’s good time to go long with Small SL. SL...
XAGUSD on the 2H chart over the past month has ascended into a head and shoulders pattern and then descended into a pivot on June 22nd. As it is now ascending, silver is a long trade candidate. I see the stop loss as pivot low on 5/25 . Based on the volume profile and its POC line, as well as the H & S pattern, the first target is the POC line at $ 23.3, the...
The industrial metals market often goes unnoticed by many traders, although some excellent trading opportunities are often to be found here. And with that, we say, "Get to the copper!" For things should get moving here quite soon. The completion of wave (ii) in magenta should be imminent here, the copper price should therefore initiate a bearish trend reversal...
Metal bulls aren't well versed on the history of metal spoofing and the reason they do it, vault insurance limits. Allow me to educate you. www.justice.gov “With this verdict, the Department has secured convictions of ten former traders at Wall Street financial institutions, including JPMorgan, Bank of America/Merrill Lynch, Deutsche Bank, The Bank of Nova...
Hello & welcome to this analysis In this chart we can see a diagonal breakdown which bought the stock down to 380 where it went into form a bullish harmonic cypher to be followed by a bullish RSI divergence It could now attempt further upside till 425, then 440 & 455 as long as it sustains above 400. Good set up for momentum at the moment.
#NMDC... Intraday as well as swing trade All levels given in charts IF good potential seen then we work in options also if activate then possible a huge movement Keep eye on this We take trade only when it activates...with proper stoploss and their logic
NSE:TATASTEEL The first target is 107.85 and the second target will be 114. When the weekly candle closes higher with 114, it will go upto 126.
NSE:NATIONALUM need to closes above 74 then the target will be 77 and 83