Hello and welcome to this analysis on Tata Steel After a long correction which lasted more than 7 months, in FEB the stock gave a vertical recovery rally. The rally ended with a diagonal indicating signs of short term exhaustion. Earlier this month we saw the diagonal breakdown and today we are witnessing more selling pressure in it. It could continue this decline...
TX (Ternium SA), a steel producer. Hot sector now. Nice flag on weekly. Watch for a break of 45 for a potential swing trade to 56.70. I would not enter unless it breaks out of the channel or maybe if it tests 42 again. Stop loss at 41.50 Trade safe.
Expecting strong momentum due to strong bullish divergence in RSI on weekly TF. Price bounced nicely from support and broke out of the bull flag with increasing volume. It can retest 100-105 levels during this correction phase before blasting off higher. I believe infra and realty sectors are going to boom this year, it will positively impact steel and cement...
Reliance Steel & Aluminum Co. ( NYSE:RS ) Sector: Non-Energy Minerals (Steel) Market Capitalization: $11.816B Current Price: $191.50 Breakout price: $192.00 Buy Zone (Top/Bottom Range): $187.50-$181.50 Price Target: $209.20-$210.90 Estimated Duration to Target: 68-70d Contract of Interest: $RS 6/17/22 195c Trade price as of publish date: $11.30/contract
SET:TYCN strong demand global steel price target price: 7.28
pretty interesting chart, silver has a lot of room to the upside!
United 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
The 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.
Hello 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...
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back inside the channel - looks strong with good volume buying BUy Futures@508-509 with 495PE buy hedge
The 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.
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.
Add Shyam Metalics cmp n near 417 we demand seen up to 455/478/507+ view invalid below 400 wcb
I'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.
Expect 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
DATE: 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.
All levels are mentioned on chart. Happy Trading :)