NIFTY METAL- tatsteel ,jswsteel, hindalco, vedl analysis

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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.
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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)
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3. hindalco : HINDALCO
similar to jswsteel stock was in strong consolidation in between 200-180 level .
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4. vedl:VEDL
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注释
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either side breakout should decide fate of metals.
range for now 3020- 2900
注释
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tatstell 55o target achieved
more to come 580 on cards
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jswsteel 221 achieved
vedl 260
hindalco 195( only laggard)
交易结束:到达目标
注释
all target hit

KA
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