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

#HindCopper 148

The short term trend remains down till we don't breakout above that falling

A good stock is an ATM machine that would dispense cash if you are ready to wait or else it just sucks in your card if you are too impatient!!

Good Morning!!

#HindCopper 168

We might still get an

#AsianPaints while 3235 is a good weekly support, price can still see 3180. The rising channel is intact this 3180 is not broken at weekly

#BSESmallcaps

As long as we are in this channel, we are

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

#NiftyMetals what happens next?
@nishkumar1977 @caniravkaria

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

#NiftyMetals daily chart with indicators and relative study of Nifty metal components in 15 min, hourly & Daily time frame
Nifty metal inspite of strong correction seems maintaining uptrend till above 4850 (daily mid bol) & RSI 50+
#Nalco #Tatasteel #Vedl #NMDC outperform ..cntd

#NiftyMetals in 15 min, hourly and daily time frme.

If Nifty metal turns around #NMDC , #Vedl #TataSteel & #NMDC can be most strongest among peers

Not a trading call, academic post

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