Sectoral Scanner study - 25 Nov for the 48th Week 11 NovSectoral Scanner study - 25 Nov for the 48th Week 11 Nov
Technical Analysis of the Sectors in the Indian Stock Exchange.
Market doing a Bullish RD and specifically in a few sectors.
CNXMETAL trade ideas
Nifty Metal Sell Nifty Metal analysis weekly time frame period . Wave C come down side . wave c internal 1,2,3,4 or 5
NIFTY METAL BULLSHNIFTY Metal
Price Formed Weekly & Daily Demand
Ready to Form NEW ATH 12600
Weekly Demand 9171
Daily Demand 9000
No Supply upside
Metal IndexMetal Index:*
Next Leg Fire to Begin!!!
Geo Political Action is already taking place in this arena!!!
_Pick your pick_
Retracement in metal indexwhat a bull rally due to fed interest rate cuts every index reached ATH
metal index can show slight retracements if its the ATH
and can plan to short
Vedanta
SAIL
NATIONAL ALUMINIUM
HINDALCO
TATA STEEL
for short term
for long term the trend is bullish till mid october
NIFTY Metal LongNIFTY METAL
MTF Analysis
Nifty Metal 50 Yearly Demand Breakout 8016
Nifty Metal 50 6 Month Breakout 8016
Nifty Metal 50 Qtrly Demand 8436
Nifty Metal 50 Monthly Demand 8436
Nifty Metal 50 Weekly Demand 9171
Nifty Metal 50 Daily Demand dmip 9173
ENTRY -1 9171
SL 8727
RISK 444
Potential Target 11856
First recovery Target Points 1661
Last Swing Low 8534
Last Swing High 10195
RR 3.74
RR 29%
METALS --BUYmetals index have bottom out at 8700 level .382 % retracement of previous wave and c of 4th ended now again made 9500 approx in 1st wave and in 2nd wave corrected to 9009 level in 2nd of 5th wave now 3rd of 5th in progress and once crosses high of 1st wave approx 9505 you will see high volume and our trg of minimum 11000 inverse head and shoulder breakout also .
Nifty Metal: An overviewThis is a quick one. The chart should tell you everything there is to know. We will keep updating the comments below as the price action unfolds.
Have Requests, Questions, or Suggestions? Let us know in the comments below.👇
⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
NiftyMetal looking weak#NiftyMetal trend was weak and on 13th March it breached the long term trend line on Relative Momentum indicator.
Metal Sector mainly consists of two industries:
1. Iron & Steel Products
2. Iron & Steel Interim products
Both these industries are trending down.
Nifty Metal !!! are we going to experience the BIGGG Fall ??Hello All,
The recommendations are purely for educational purpose only, consult you financial advisor before trading.
Targets are mentioned in charts (either red lines or balck lines), keep Stop Loss as per your risk..
If you like my Idea, Don't forget to Boost and comment on my Analysis..
Have a profitable year ahead
Gautam Khanna
Technical Analyst by Passion :-)
CNXMETAL - Just a View📈Keep an eye on Nifty Metals Index .
📈On 13th Feb Index has formed hammer candle which indicates trend reversal.
📈Metal index has taken support on trendline as shown into chart and started moving upwards. 📈Index has made triple top and triple bottom pattern on daily chat. We may see bullishness till 8348 level.
📈Stocks to watch into Metal Sector are as follow: -
📊 Script: SAIL
⏱️ C.M.P 📑💰- 125
🟢 Target 🎯🏆 - 142-150
📊 Script: TATASTEEL
⏱️ C.M.P 📑💰- 141
🟢 Target 🎯🏆 - 147
📊 Script: JSL
⏱️ C.M.P 📑💰- 599
🟢 Target 🎯🏆 - 615
2024 belongs to metalsNifty Metal broke out of the expanding triangle in the year 2022 with an amazing rally of 350%
After this rally, it consolidated for a while in the form of another contracting triangle till November last year and it recently retested the upper channel of the contracting triangle
I will look to buy at current market price
Stoploss @ 6,350
Target @ 20,000
Time frame 2-3 years
Decoding the Mystery behind Dec 20 Fall - Part 22. Nifty Metal - 2nd highest fall among Nifty Peers - 3.82%
Monthly Chart - After a 10+ years BOX pattern BO in 2021, it went higher and formed an Bullish Ascending Triangle and BO was also done
Weekly Chart - After BO the usual retest is happening. Once again - compare the previous weekly RED candles - nothing alarming today and Bullish Pattern perfectly intact
Support around 7170 to 7270 levels
Nifty Metal uptrend beginsA breakout from a bullish pennant in NIFTY METAL suggests a potential upward trend continuation. Traders often look for confirmation and monitor volume during the breakout for stronger signals. Keep an eye on the price action for further indications of the market's direction.
NIFTY MetalDollar Index has turned berish so metal should outperform in normal scenario and the same is visible on this ratio chart. It seems just begining of the metal trend. It can reverse anytime if dollar index again turns bullish so keep your SL in place
Possible way out and levels for cnx metalPossibly nifty metal index is following this trend and next levels are way higher in near future.
It’s just an analysis and can be not perfect or correct so please take it just as a possibility.
TRADE SETUP_15% upside in Nifty MetalThe Nifty Metal index is all set to climb up towards 7200 in wave V of 3.
At the current levels it provides an excellent entry with really impressive RR.
6400 is the support
6270 SL
Metal Index is on the verge of breakout Metal Index is showing strength, but all metal stocks are not participating. Index may breakout in coming days. Chart is self-explanatory. Market is in corrective/sideways mode so one should wait for complete confirmation before entering trade.
Metals: shine one!A close above 6286 is required to complete this break out, targets are horizontal lines on chart, this may be a very nice rally for metals
CNX MetalCNX Metal 6116
There is possible wave counts
as well as WW developed...
Below red line...
I am expecting price towards Purple line...
Chart is for study purpose only!!
Vedang :)
NIFTY MetalIt is at good support level. Already tested many time. Resistance is also tested many times. Break of any of the level can give good opportunities.
