BSE:RUDRA Research Report: Rudra Global Infra Products Ltd. 1. Company Overview Rudra Global Infra Products Ltd. (RGIPL) is a significant player in the Indian steel manufacturing sector, specifically focusing on TMT Bars production. Incorporated in Bhavnagar, Gujarat, RGIPL began as M.D. Inducto Cast Pvt. Ltd. in 2013, initially producing MS billets. By 2014,...
Venus Pipes & Tubes Limited is a manufacturer and exporter of stainless steel pipes and tubes. Fundamentals are good. Rising OPM, Net profit, EPS with consistent tax rate. Good 3Y ROE, sales and profit growth. Reducing debtor days. Stakes increased by Promoters, DII, FII in last 2Q. No:of Shareholders jumped in recent quarter expecting good result. And company...
JSW Steel charts are showing clean Cup & Handle formation. With the interest rates set to decline, metal sector as a whole looks well placed for a rally. Please do your own research and analysis before making a financial commitment.
Steel Dynamics ( NASDAQ:STLD ) reports current quarter guidance that was above estimates as it sees profitability potentially stronger than the previous quarter. The steelmaker said the gains were driven by its flat-rolled steel operations. Steel Dynamics added that because of its confidence in the business, the company repurchased 1.4% of its stock so far in the...
President Joe Biden's expressed concerns over Nippon Steel's proposed acquisition of U.S. Steel ( NYSE:X ) have ignited a flurry of political speculation and market volatility. With Biden's impending statement raising questions about national security implications and regulatory scrutiny, investors brace for potential obstacles to the $14.9 billion...
NSE:HEG - The focus is on risk management taken in position for pop as part of the PWI Lab portfolio. - Let's check the company's history to understand what they do. - Proxy to steel was positive in the past. - Crude oil can be a spoiler in the current situation. - Price action is considered as the ultimate authority.
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.
The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only...
Jindal steel sell reversed from supply level and broken triangle pattern, it is good sell on retrace to reach the target given below let' see... Happy Trading.
Headed to Pre pandemic steel prices, Not sure how long it will take for the wave to hit retail.
There is a breakout on 200 days ema as well as weekly chart buy at 86-87.50. First Target 93 then trail the stoploss which intially is 83.
Jsw Steel looks good on all time frames, the weekly and daily charts are in sync helping prices to move swiftly. There is a probability of the Butterfly pattern, which is a five-legged harmonic pattern, which if unfolds can take the stock to 725 to 755 levels in the coming weeks. I would wait for a Dip to enter the stock, however, there are chances that we might...
In weekly timeframe, Tinplate formed possible Cup& handle pattern from 2018. So, as per my view in next couple of months it can go till 450 and if pattern breakout then it can go till 800 next 9-12 months. Next few weeks would be key to understand pattern depth or deviation if any. Note: This is just educational purpose and not for recommendations at all.
Nucor Corporation ( NYSE:NUE ) Sector: Non-Energy Minerals (Steel) Market Capitalization: 37.582B Current Price: $143.56 Breakout price: $144.60 Buy Zone (Top/Bottom Range): $142.30-$134.95 Price Target: $152.50-$154.60 Estimated Duration to Target: 18-20d Contract of Interest: $NUE 10/21/22 145c Trade price as of publish date: $7.65/contract
Cleveland-Cliffs Inc. ( NYSE:CLF ) Sector: Non-Energy Minerals (Steel) Current Price: $18.24 Breakout Price: $19.00 Buy Zone (Top/Bottom Range): $18.00-$16.00 Price Target: $21.50-$22.00 (1st), $24.00-$24.40 (2nd) Estimated Duration to Target: 34-37d (1st), 60-65d (2nd) Contract of Interest: $CLF 9/23/22 20c, $CLF 10/21/22 Trade price as of publish date:...
JSW steel make a W pattern which represent the bullish power of the bulls. If the stock break the structure and the 200 EMA on its lower time frame then go for it. It is also a swing trade if you see the chart on 1Hr time frame it make a clear W pattern and we can book the profit at 200EMA. (Always Do your own analyis )
It appears Steel has reached an area of overhead resistance and at a quick glance one may assume it's ready for a break after temporary sector distortions due to covid and supply issues that plagued many sectors. We also know there are pressures from "cost inflation" as well that plague mines, as well as builders but it seems too early to tell if price will turn...