Commodity and Cyclical Plays

Hi Mehnaz,
Which charting software is this, appreciate if you let us know.

@Mehnazfatima Is this a valid breakout?

Hi
For a genuine breakout volume must go up. That does not seem the case till now. However it may follow.
Regards…

Thanks @Agarwala vol seems to be picking up

Seems like a flag breakout…also RSI is in positive direction…bullish Directional Index crossover…
Also MACD about to make a bullish crossover…
But still not supported by volume…
One should wait for MACD Crossovers and volume pick up…seems like stage is just beginning to set

https://www.alphainvesco.com/blog/jpc-report-steel-sector-2016-17/

I think the following chart is more appropriate for Hind copper…

8 Likes

sir
what are the next cyclicals you are playing on ??

@Jiten Sir,

I am holding GPIL since last 2 months, but it has run up a lot too fast. How do we decide when to sell? Since, selling timing is also important in cyclicals, how do you analyze it. Please guide.

Jiten,

can you please tell which companies are producing ig iron in India.

Thanks and regards

Iron Ore biggest producer is NMDC…which is PSU

Copper rose to the highest in almost four years as Chinese officials stepped up pollution-fighting efforts by halting processing plants.

On the Comex in New York, copper futures gained for a 14th day, the longest winning streak in more than a year, to post the highest closing price since January 2014. Jiangxi Copper Co., China’s largest producer, received the order Monday to stop output for at least a week before a further assessment based on local pollution levels.

2 Likes

Hi, could you pls explain on how you arrived at this assessment? Would be a good live lesson on TA

Does gvk ,gmr fit your investment rationale…both are heavily debt laden.slowly reducing debts. Airport vertical doing well.All of a sudden there is kind of an aviation boom and their airport
Vertical looks poised for a good growth.and we have news from airlines everyday abt buying new planes .and all the airports seems to be running at max capacity.

excellent call mehnaz today it broke out with heavy volumes as per your assessment

Excellent call @Mehnazfatima, this time it is backed by increasing vol and news flow. Though the ban on copper smelting(China)is only for a week, not for mining. Some observers are expecting reduced mining in China due to extreme winter there. Could @jitenp throw some light on the sustainability of this rally.Thanks in advance.

Just read this, so we are in for a pretty long upturn -

“Longer-term miners and analysts expect a deficit in the copper market to emerge by the end of the decade, following reduced spending on new projects. Analysts at BMO Capital Markets say the deficit could start to emerge as soon as the middle of 2019. “This is the point when any mine supply deficit is likely to lead to sustained outperformance,” they said this month.

https://www.ft.com/content/cebd9cfc-eaf6-11e7-bd17-521324c81e23

1 Like

Planning a QIP

1 Like

Great picks sir
Congrats

http://resourceclips.com/2017/12/29/copper-crusader/

3 Likes