As Nifty is gaining bullish strength, I took the metal sector stocks to do an analysis and found a similar pattern formation. The pattern I found is a rounding bottom, which is a bullish pattern.
Among the stocks, tatasteel, JSW steel, Jindal steel and Hindalco, JSW steel is showing more strength as it has already broken the rounding bottom resistance and is moving up.
JSW steel - has support at 1120 zone and resistance at 1200 - 1220 zone.
Tatasteel support is at 160 and resistance is at the 178 - 180 zone.
Jindal steel - support is at 980 -1000 zone and resistance is at the 1100 zone.
Hindalco - support is at 720 and resistance is at 790 - 810 zone.
There is no buy or sell levels. Just an observation about the similarity in stocks.
Among the stocks, tatasteel, JSW steel, Jindal steel and Hindalco, JSW steel is showing more strength as it has already broken the rounding bottom resistance and is moving up.
JSW steel - has support at 1120 zone and resistance at 1200 - 1220 zone.
Tatasteel support is at 160 and resistance is at the 178 - 180 zone.
Jindal steel - support is at 980 -1000 zone and resistance is at the 1100 zone.
Hindalco - support is at 720 and resistance is at 790 - 810 zone.
There is no buy or sell levels. Just an observation about the similarity in stocks.
注释
Will metals shine today during Muhuraat trading?!注释
Metals on move...
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Role I play here : Moderator. Follow me in telegram to trade better. t.me/Analysis4Newbie Contact information : tradingplan4u@gmail.com
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。