Steelsector
3/6/22 XUnited States Steel Corporation ( NYSE:X )
Sector: Non-Energy Minerals (Steel)
Market Capitalization: 8.198B
Current Price: $31.42
Breakout price: $30.55
Buy Zone (Top/Bottom Range): $29.45-$26.95
Price Target: $38.00-$39.30
Estimated Duration to Target: 65-69d
Contract of Interest: $X 5/20/22 35c
Trade price as of publish date: $2.50/contract
SAIL BreakoutThe 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.
TATA STEELHello 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 its high.
This down move could take it to 1075 and if that does not hold then 875-900.
Buy on dips for 40% returnHi All,
Please refer chart for detailed explanation on technical analysis .
Falling wedge is one the most accurate pattern. One can use buy on dips strategy.
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Hopefully, this helps you out a little bit. Please make your own research before investing.
P.S: This is not an investment advice. This chart is meant for learning purposes only. This is my personal viewpoint so please Invest your capital at your own risk
HINDALCO back inside the channel - looks strong with good volume buying
BUy Futures@508-509 with 495PE buy hedge
SAIL ReversalThe stock has reached lower trendline and 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.
SAIL can sail upward (Swing/ Positional)HI all,
Simple support and tested dynamic resistance 50 ema as well.
people who want to take risk can go for target of 150, 150 + with support of 116.4.
Estimated time is 2- 4 weeks.
Please manage your risk.
Shyam MetalicsAdd Shyam Metalics cmp n near 417
we demand seen up to 455/478/507+
view invalid below 400 wcb
CLF Cycle CompletionI'm anticipating a dip at the bell Wednesday, followed by a climb to the 26.60 or possibly 27.60 area, completing the 4th channel cycle, before earnings.
X - UNITED STATES STEEL CORPORATION - BULLISHExpect the US Steel industries to do great this year and the next since restrictions are being lifted.
Chinas steel industry lowered their steel input & output this year due to excess carbon emissions.
CLF & X Will see exponential growth this summer!
NYSE:X
AMEX:USO
BMV:X
BCS:X
BCBA:X
TVC:SPX
SPCFD:SPX
AMEX:SPY
CAPITALCOM:SPY
NASDAQ:STLD
JSW STEEL :: BULLISHDATE: 19 MAY 2021
INSTRUMENT: JSW STEEL
TREND: BUY
TIME FRAME: DAY
CMP: 721.20
BUY ABOVE: 727
STOP LOSS: 696.55
TGT 01: 772
DISCLAIMER:
We are not S E B I registered analysts. Please consult your personal financial advisor before investing. We are not responsible for your profits/losses whatsoever.
SAILBuy above 80.70, Target 84, 87.85, & 90.70 with Stoploss of Breakout candles Low
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
ANNJOO TREND CONTINUATION LOW RISK TRADEMYX:ANNJOO
SYMMETRICAL TRIANGLE
UPTREND
FAST TURTLE BUY
FiFT TURN +VE
ATOM BUY
MCDX+ BANKER 75%
[CLF] CLEVELAND CLIFFS INC. BUY SETUPif equity markets able to bounce again , clf shares can target for mid 20s.
stop below 12.00$.
TATASTEEL Breakout TATASTEEL multiyear breakout, strong resistance near 750 level, need to be kept in focus by looking at the price action and the volume levels. levels as high as 910 developed in TATASTEEL. NIFTY METAL performing very good. STEEL companies all over the world performing well.
Go long on TATASTEEL with stop loss at 700 level, highly unlikely to be reached.
MACD crossover visible on daily chart.
Since huge buying was seen today, there might be some consolidation or selling tomorrow so keep that in mind.
RSI is in overbought zone so keep that in mind as well. But it seems to hold the overbought zone since the past few days.
Both derivatives and equity can be bought, i would recommend buying 750CE or cash equity as per risk apetite. if 750CE or futures are being bought, kindly have a serious look at the price action tomorrow as atleast some retracement of today's maribozu is possible.
Kindly let me know if any clarifications are requires, you may message me or comment on this post.
Great profit opportunity visible in the steel sector in the near future, global ques also positive.
Note
Post only for education purposes.
