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Metalstocks

Vedanta - The Multi x 4 stockVedanta has always been in the News for multiple factors - both Positive and Negative Though Metal Stocks are Cyclical, it has come back into Focus at right time. While Nifty Metal index has broken out and all Metal stocks are in limelight now, here are some critical factors that make Vedanta one of the Best among Metal Picks Multi-Year Box Breakout : 16 Year long Breakout pending above 485 and this opportunity comes at right time when China looks weak and Indian Metal stocks are in focus. Multi- Bagger Pick : Above 485 WCB, Target is a Whopping 910++ Almost 2x to 3x from CMP. Usually when stocks BO after so long, they usually rally much higher than the pattern target so, expect close to 1200++ Multi-Demerger Stock : Vedanta has informed in Sep 2023 that it would split into 6 separate listed entities Vedanta Aluminium Vedanta Oil & Gas Vedanta Power Vedanta Steel and Ferrous Materials Vedanta Base Metals Vedanta Limited And Investors would get free stocks of all 6 entities which over next few years will become Multibaggers Double Bottom Breakout : On Monthly price has formed a Double Bottom BO for Target of 485. This will take it to the BO ZONE of Multi Year Box Pattern. So double confirmation of fast upward rally
NSE:VEDLLong
by Stocks-n-Trends
Hindustan Copper - Is it Really Copper or is it Gold ???Multi-Timeframe Analysis on Hindustan Copper Short Term View: Daily Double Bottom BO done @ Daily timeframe for Target of 350. Just needs to sustain above 290 WCB. On the way, watchout for immediate resistances at 302, 310, 330 Medium Term View: Weekly Flag Pattern BO confirmed on Weekly timeframe. At the same time, it is facing resistance from previous High of 302. Sustaining above 303 WCB will take the price to 390 Long Term View: Monthly / 3Months Its an amazing Multi-year Inverted Head & Shoulder pattern BO on Monthly / 3 Months scale. 14 years BO since 2010. Target 615 perfectly intact Enjoy the Multi-bagger ride of Hindustan Copper.... Disclaimer: 3+ Years Teaching Experience in Stock Market - Technical Analysis, Advanced Patterns, Emotional Management, News based Trading... We are NOT SEBI Registered and Our focus is NOT providing Buy/Sell Recommendations/calls. Primary Objective is to provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide irrespective of its Side" *** Important *** Consult your Financial Advisors before taking any positions If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments -Team Stocks-n-Trends
NSE:HINDCOPPERLong
by Stocks-n-Trends
USAU Gold Penny Stock with impeding EarningsUSAU has been in an ascending channel on the 30-minute chart with the rise in spot and future gold prices. With earnings coming in the next day, price broke out of the channel the top line of which is now supported albeit without a retest. The relative volume indicator shows in 3-4X volume surge in the past week while the RSI level is now up from 50 to 75-80. I see this as an earnings play with a stop loss just below the upper channel line at 3.75 and a target of 4.5 and 4.75 for a good reward-to-risk ratio. This is a quick swing trade earnings play to compliment my much larger long-duration swing trade in GDXJ. While an expected earnings beat is probably baked into the price I am betting that the beat will be significant and will keep price momentum intact.
NASDAQ:USAULong
by AwesomeAvani
1
AGQ- A Silver on steroids ETF LONGAGQ a leveraged ETF of silver and its futures, spent mid-March to mid-April on a great uptrend from which it pivoted down in a 50% Fib. retracement which took two months to complete. After a bit of consolidation and sideways channeling, it has finally launched into bullish continuation as shown on the daily chart. The Lorentzian AI machine learning indicator printed a buy signal today as it reacted to a green engulfing candle crossing the mean VWAP anchored from the pivot low of mid-March. This indicator has extreme accuracy in its signals as demonstrated on its tables. On the MTF RSI indicator, the low TF RSI has been riding above the higher and crossed the 50 level one week ago. The zero-lag MACD is confirmatory. Overall AGQ is ready for a swing long trade which I will take. I will zoom into a 30-60 minute time frame and look for a pivot low from which to enter. My target is the line showing two standard deviations above the anchored mean VWAP presently about 36.3 representing at least 20% potential upside and profit. The stop loss will be narrow with the price presently at the mean VWAP and POC line of the visible range volume profile I will set it at 29.85. ( The risk to reward is approximately 1:40 ) DYODD !
AMEX:AGQLong
by AwesomeAvani
2
XAUUSD Spot Gold ReversalOna 4H Chart XAUUSD has been trending down for 2 weeks from a double top at $2052 where the Stochastic RSI put in a top at 100%. Price crossed above the upper Bollinger band before its pivot high. As it trended down, it did retrace back up to the upper Bollinger band and then resumed the downtrend heading outside the lower band and reaching a pivot low of $1954 on Thursday, May 18th along with RS approaching zero. Price then reversed and put in an engulfing bullish candle before closing out the trading week with a Doji. Price crossed through the black trendline drawn onto the chart. The RSI indicator curled upward and is progressing to crossover 20. The volume profile shows the majority of the trading between $1992 and $2040 with the mean at $2018. This would be the area of highest liquidity and volatility. The Echo indicator (AI predictive tool of Luxalgo ) suggests a near-term rise in price and a consolidation area of $ 1993 before another leg up into the high-volume area. Overall, I will look to take a long position to begin the forex trading week upcoming as well as a gold ETF such as GLD or even JNUG on the equities market.
OANDA:XAUUSDLong
by AwesomeAvani