Although I am not so bullish on Metal sector overall but Kalyani steel has made a beautiful cup & handle/Rounding bottom formation on weekly time frame which got me interested. Also this week Kalyani steel has given all time high weekly close at 471 and if price manage to give 2 close above 472 then upside targets for me would be 1) 574 2) 628 3) 705 4) 849. Once...
Chart looks very impressive in Day/Weekly /Monthly.
Can be accumulatied from current level 360 & down till 300.
Short term tgt 1 : 469±
Short term tgt 2 : 568±
Long term tgt 3 : 846±
Note : This is my view based on chart pattern and shared it for educational purpose. Do your analysis from your side too 🙏
Trying out a Nifty ratio chart...
Another 1-2 situation where a potential huge 3 is due..
A bit of patience here for the breakout to come could find nice returns especially when the trendline is broken through..
Bank Nifty taking a bit of rest and Metal index having a move here could result in the breakout even with smaller price movement..
