Nifty metal will look into stocks once after a BONifty metal will create portfolio only at BO. above 200 DMA
CNXMETAL trade ideas
nifty metalsnifty metals is ready to further shine. accumulate jsw steel, tata steel, nalco, jindal ispaat...etc
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.
Metal sector predictionMetal sector prediction...small gap in down side so it's come down and fill it...it's travel on expanding channel pattern...come down and take support and goto upside
Metals are Shining: Review 16th FebTime to look at some options selling for rest of Feb series. Momentum has eased and unlikely to make a huge move, baring external news. War news has eased, only US Interest rate hike is currently top concern.
Regards
AAsta
CNXMETAL 1W: A Strong sector - Boiled for giving fresh BO.CNXMETAL 1W: This is a sector which remained sideways during recent market correction and in return formed a flag pattern. It is also in Wave 5. Appears RSI has given BO before price and MACD is ready for +Ve crossover. ADX is indicating trend is strong. Hence, this sector has steam to post another 10-15% upside in coming few days. Accumulate on all dips to maximise gains.
Metals are ready for breakoutMetals are ready for breakout look for the stocks which follow same structure. Tata steel Jindal hisar, jindal saw
CNXMETALMetal index is showing good moves after budget along with Elliot wave counts. Possibly wave i & ii of 5 is completed, and possibly wave III of 5th is started.
Wave Structure could be like this
Macd in daily
Macd in hourly
Rsi in hourly
Bollinger band challenged in hourly
Dmi adx also positive
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult your Financial advisor before trading or investing
triangle pattern in in nifty metaltriangle pattern in metal index, metal sector in longer term is a strong sector, this triangle pattern will help u to take entry in stocks
Nifty Metal 1DNifty metal is going to give a breakout can't say a postive or negative one.
it is standing on a long trend line if this line is broken to a negative side the we can se a big downfall in the metal stocks.
Disclaimer : This analysis is for personal improvement make sure to analyse the stock at your personal levels before investing
as this analysis is not an advice to buy or sell any stock.
Nifty MetalNifty Metal as of 07/08/2021.
Weekly break out and daily closing above the long unwinding
WATCH METAL STOCKS TOMORROW CNX METAL INDEXIs at supporting trendline and can bounce from here . Major metals stocks to watch out for Tomorrow like - TATASTEEL, JINDALSTEEL and JSWSTEEL
NIFTY METAL - 1D - NSEWe Need Profitable Deals Not a Lot Of Analyste And Indicators
Good strategy = 80% Easy Mney
Nifty Metal Index ........... More pain......Keep selling metals on rise.............
expect 8% -15% more downfall expected........
Investors will get at better value.....
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Ek like to banta hia na...........
Nifty Metal Chart AnalysisThis chart analysis shows a bullish sign in near future in Nifty Metal Sector
Nifty metal and hindalcoNifty metal made a support zone, some upward movement expected
# hindalco made same to same pattern following of nifty metal
I think metal sector goes upside from 5000 level
As well as hindalco confirmed follow the sector trend.
Buy hindalco 379-380
Metal Index - Looking strong to cross ATHMetal Index - Looking very strong to cross its ATH. It is 18% away now. Monthly RSI above 60.
DISC: Not a SEBI Registered. I post charts for my own study.
