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Metalsector

JSWSTEEL getting ready for next upmove?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 add on dips upto 725-730. This opinion is just based on my personal analysis and not a trading suggestion.
NSE:JSWSTEELLong
by chartistamey
Metals looking strong here. 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 and there can be another big, bold and strong rally in metals in the near future.
CLong
by Happy_Candles_Investment
1
TATA STEELHello 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 and then dropped sharply. Now going forward if it holds above 1085 it might once again attempt a retest of the upper end of the channel near 1225-1250 to complete an X wave and from that level it could resume the last leg Z of the complex corrective till 900. Key levels to be watched 1065 if breached now then bounce would be ruled out & 1300 which would negate the Z leg of the complex corrective.
NSE:TATASTEEL
by Dinesh_C_Nagpal
GOLD is ready for a rallyGreetings 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 upward momentum was unable to break the supply zone range of 1,830$ - 1,835$ which pushed the prices downward to 1,725$ - 1,720$ Demand zone once again while forming double Bottom at Daily chart along with Bullish RSI divergence as shown above. It was also forming Expanding Falling wedge Pattern as shown below in 4hr chart: The Wave E was completed at the Demand zone, the bounce from strong Demand zone area showing Bullish RSI divergence in 4hr and 1d charts pushed the prices to upper trendline resistance of wedge at current level. Currently it is also making inverse Cup & Handle pattern on 1hr chart which is about to break upward soon as shown in the 1hr chart below: The current upward momentum and the Bullish chart patterns forming on different timeframes are indicating a strong upward movement. This momentum will act as the push needed for Gold to break its Supply Zone and Resistances allowing it to make a good upward rally in upcoming days. There is a good possibility of a new All-Time-High in upcoming Weeks / Months as well. ~Regards ~Syed Hamza
FOREXCOM:XAUUSDLong
by syedhamza2135
1
HINDZINC : In BULL RUN Currently.Strong MACD, StocRSI parameters, and the recent pullback show that if the trend continues for the short term, we can see the Scrip hitting the two target levels. The Parabolic SAR has already given a BUY signal, with all parameters in tandem we can see the same happening. More Over the Metals segment has taken a strong recovery, and more so on the backdrop of 1.3 Trillion Dollar Infrastructure Boost in US, we can see the global commodity prices pumped up. Disclaimer: The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
NSE:HINDZINCLong
by finogent
Gold consolidating and getting ready to pass 2000 againHello Traders. Hope you are doing well Gold is consolidation above the structure line and after yesterday's break above 2000$ at the exact level I predicted ($2015) I believe that price action is getting ready for another push to the next structure level, $2033 I entered another buy on gold with a target at $2033, but paying careful attention to yesterday's highest level. If it goes above $ 2015 easily then I will let the trade to go towards the take profit. If not i will close it there
OANDA:XAUUSDLong
by opentrader08