Downloading...
Download

Steelsector

SAIL Trend AnalysisExpecting 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 stocks as well. Buy around 100-110 levels Target 1: 185 (75% ROI) Short Term as per bull flag Target 2: 280 (165% ROI) Medium Term as per cup with handle. Both the targets seems achievable by year end. My studies are purely based on TA, Do Your Own Research before trading or investing. Peace !!
NSE:SAILLong
by Swastik24
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. If you think my analysis is helpful than please do like my idea. For future reference do follow me so that you do not miss any of my analyses. You can also check my Axis Bank trade for 20% return. Link is shared below or else you can visit my profile and check all the Ideas which I have shared. Feel free to leave any questions you have in the comments! I will gladly respond to them. 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
NSE:SAILLong
by RohanLakhani4
3
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.
NSE:TATASTEELLong
by SaintLazarus