#NiftyMetals this correction is healthy. Gap of 7th May filled. May test 5019 levels. Bullish above 5400 levels again.

#Hindcopper Correction done? What say?

#NMDC the stock is at supports. A clean break out above 160, this could do well. My stops on this one could be 148, if the break out get triggered

#Dare2DRM #Watchlist

For my investment portfolios as well, the last stop is 200 MA, beyond which i would exit. Last line of support.

For trading portfolios 65 MA, below that it's a risky trade where losses could extend on down side. On 23rd August, last correction, many stocks retested 65 n bouced

Small n Mid cap indices hit 21 MA - support zone.

In Past 1 year various Commodities & Chemicals have spiked & fired up quite a few stocks 🔥

Let’s look at how the stocks have performed vs the commodity / chemical price move from May 2020 - May 2021 🚀

Listing down a few points on each in the below thread 👇

Steel +80%

JSPL +303%
Tata Steel +300%
JSW Steel +334%
SAIL +340%

✔️Strong Chinese demand & focus on reduction in carbon emissions.
✔️Domestic Steel prices still at a 15% discount vs imported
✔️Top 5 Cos increased market share
✔️Cos continue to deleverage their balance sheets

Gold 12%

Muthoot Finance & Manappuram Finance +50%

✔️Increased loan book growth as they lend more & get operating leverage
✔️Reduced auctions of pledged Gold = less NPAs
✔️RBI relaxed LTV for gold financiers to 90% from 75% = level playing field for Banks & NBFCs

Silver & Zinc +50%
Lead +35%

Hindustan Zinc +120% [only silver play in 🇮🇳]

✔️Silver contribution EBITDA likely to hold above 25% vs historic 15% to 20%
✔️Silver gets a higher multiple (10x EV/EBITDA) vs Zinc-Lead (7x EV/EBITDA)
✔️Healthy cash balance & solid dividend paying

Copper +80%

Hindustan Copper +700%

✔️Only direct beneficiary of rising Copper prices
✔️Hindalco & Vedanta exposure is limited to ‘TcRc margins’
👉TcRc: Treatment Charge and Refining Charge

👉Need to note that: GOI + LIC + Institutions hold 90% in co so float is limited

After a 275% rise since March 2020, #Niftymetal index falling 4.49% for the week is barely a scratch on the returns.
But, a few are saying its the 'End of the Rally' for metals.🙄🤷

#Stockmarket #investing

When it comes to metal, I only listen to Shakthi Shiva & Credit Suisse Team..

They are one of the best in the world, when it comes to metal.

#BSEMetals 18330

Just a wave 4 consolidation after a fierce wave 3 move

18000 zone would provide good

Anybody claiming that the metal rally is over is fooling himself.

Price just needs a retest of the breakout zone
RSI way too heated so needs a cool off
Some pullback/consolidation is