Metal Sector Analysis - 21.02.2025
Metal Sector Analysis - 21.02.2025
Metal Sector Analysis - 21.02.2025
Metal Sector Analysis - 21.02.2025
By K Karthik Raja
Key Factors Affecting the Metal Sector:
* Global Commodity Prices : Influence of steel, aluminum, and copper prices.
* China’s Demand & Supply : Economic recovery and production cuts impact global prices.
* Government Policies : Infrastructure spending, export-import duties, and mining regulations.
* Institutional Investments (FII/DII) : Affect price trends and market movements.
*Key Areas to Watch:*
* China’s Economic Data : PMI, industrial output, and stimulus measures.
* Global Metal Demand : Automotive, construction, and manufacturing sectors.
* US Fed & RBI Policy : Impact of interest rate decisions on commodity prices.
* Earnings Reports : Performance of key metal companies in India.
* Volume & Chart Insights:
* Increased Volume : Signals renewed buying interest and institutional accumulation.
* Price Above 50 MA : Indicates early signs of a potential reversal.
* Resistance at 200 MA (9234) : Breakout above this level confirms an uptrend.
* RSI (56.99) : Positive momentum but needs to stay above 60 for sustained strength.
* Dow Theory Analysis:
* Primary Trend : Long-term uptrend remains intact despite recent corrections.
* Secondary Trend : Short-term pullback forming higher lows.
* Support Zone : Holding 8028 is crucial for further upward movement.
* Confirmation Needed : Break above 9234 confirms a new bullish phase.
Stocks to Watch:
* Tata Steel (TATASTEEL) : Near support; breakout may trigger upside momentum.
* JSW Steel (JSWSTEEL) : Holding strong above moving averages, potential uptrend.
* Hindalco (HINDALCO) : Benefiting from aluminum price recovery.
* Vedanta (VEDL) : Strong volume accumulation; key breakout level.
* NMDC Ltd (NMDC) : Positive outlook for iron ore demand.
Market Insights:
* Short-Term View : Bullish bias, but 200 MA resistance (9234) needs to be cleared.
* Long-Term View : Uptrend above 9234, otherwise potential consolidation or correction.
Disclaimer : This analysis is for educational purposes only and not financial advice. Always conduct your own research before making investment decisions
Online Stock Market Traning : Whatsapp : 9841986753
One to One Share Market Training : Whatsapp : 9841986753
RUPEEDESK SHARES
Rupeedesk Shares| Share Market Training | Intraday Training | Wealth creation
Stock Market Training for beginners,Technical Analysis on Equity,Commodity,Forex Market,Learn Indian Equity Share Market Share Market Trading Basics: Fundamentals Of Share Market Trading training, Stock Market Basics - Share Market Trading Basics,Share Market Trading Questions/Answers/Faq about Share Market derivatives,rupeedesk,learn and earn share Equity,Commodity and currency market traded in NSE,MCX,NCDEX And MCXSX- Rupeedesk.Contact: 9094047040/9841986753/ 044-24333577, www.rupeedesk.in)
%20-%20My%20Point%20of%20View%20(Feb%2021,%202025)%20-%20K%20Karthik%20Raja%20Rupeedesk%20Share%20Market%20Training.jpeg "US Dollar Index (DXY) - My Point of View (Feb 21, 2025) - K Karthik Raja Rupeedesk Share Market Training")
