Everything is shining Gold, Silver, Nifty, Metals | CA Rachana Ranade
Published: 2024-04-11
Status:
Analyzed
Published: 2024-04-11
Status:
Analyzed
Predictions from this Video
Incorrect: 2
Prediction
Topic
Status
HDFC Bank shows a small cup and handle pattern but has a significant gap down that needs to be filled.
"it's a small cup and handle small nothing much in HDFC Bank to be honest right uh there was a big gap down and these gaps need to be filled"
Incorrect
Trent appears suitable for a swing trade, with expectations of good results and historical pre-earnings stock movements indicating potential returns of 10-20%.
"Trend looks good for a swing trade stock has been consolidating it is is expected to show good results if you check last few earnings date movement of the stock it has given approximately 10 to 20% return"
Correct
The speaker believes the rally in gold is not over.
"for those people who see who feel that gold rally is over I don't think so"
Correct
Silver has broken out of a resistance level on the weekly chart, suggesting potential further upside.
"it has it had been seeing a lot of resistance at this level and finally it has given a breakout this is a weekly chart pattern barely two weeks ago it has it has given this nice breakout really interesting to see where silver goes"
Correct
The ratio of CNX Metal to Nifty crossing a certain line indicates a high probability of the metals sector outperforming the broader Nifty index.
"if this crosses this line then there is a great chance that Metals May outperform Nifty"
Pending
Analysts expect a 5% growth in the metals sector in the upcoming second quarter.
"analysts expected growth to pick up by 5% in the second quarter"
Incorrect
A potential US interest rate cut could lead to cheaper loans, stimulating manufacturing activity and positively impacting the metals sector.
"if US starts cutting down rates loans are going to be cheaper if loans are cheaper overall manufacturing activity become goes a little bit higher"
Correct
IRFC is currently testing resistance at the 38.2% Fibonacci level and needs to close above 150 to see fresh upside momentum.
"it is struggling at 38.2% so it is testing that resistance and ideally it should clear this resistance close above this then it will see some fresh air okay so keep an eye for closure above 150 for irfc"
Correct
D-Mart's target has been met, and the stock may face resistance or 'choke points' in the current area due to historical price behavior.
"my target for dmart has been hit temporarily I think that there are great chances that it may see some choke points here because even if you see in the past this is a zone of choking for demart so it would be interesting to see how it performs from here but I feel somehow that it should see some sort of pain around this area"
Correct
Dixon Technologies is in a 'blue sky zone' with no immediate signs of reversal, suggesting continued upward potential even after meeting its previous target.
"Dixon is in Blue Sky Zone it's just going uper in the air can't see any signs of reversal so don't see any reason why I should be selling this off even though the target was met still it is going stronger and stronger and stronger"
Correct
Silver's demand is expected to increase due to its use in solar panels and the automotive industry.
"silver is required for solar panels as well some photo photo voltech for solar panels"
Correct
The upcoming Q2 data is expected to be favorable for the metals sector.
"it is expected that the coming quarter data okay for us it'll be like the Q2 data as per the calendar year that can be expected to be a good one"
Correct