metal index saw a good up move in last 2 days .rsi has broken the symmetrical triangle on daily chart and index is approaching rectangle top and a falling trend line . price behavior and rsi suggest we might see a breakout in coming days. now lets analyse major heavyweights of metal index - 1. TATASTEEL : TATASTEEL stock after giving strong result showing its strength and all ready for a up move. stock has resistance in between 506-510 range but macd crossover as weel as price behavior suggest we might see a breakout and price can hit 2014 June high oh 579. 2. jswsteel : JSWSTEEL stock has been in deep consolidation from last 6 month .we can say stock underwent a time wise correction. for the first time price closed above 200 on weekly basis . we expect a immediate up move till 220. support near 190 (trendline support) 3. hindalco : HINDALCO similar to jswsteel stock was in strong consolidation in between 200-180 level . 4. vedl:VEDL
บันทึก
either side breakout should decide fate of metals. range for now 3020- 2900
บันทึก
tatstell 55o target achieved more to come 580 on cards jswsteel 221 achieved vedl 260 hindalco 195( only laggard)