#businessnews #MetalStocks #ChinaStimulus #GlobalMarkets #JSWSteel
Analysts are turning increasingly optimistic about metal stocks as China gears up to implement an "appropriately loose" monetary policy for the first time in 14 years. Coupled with proactive fiscal measures and stimulus packages, Beijing aims to sustain its GDP growth at approximately 5% for the coming year. These measures are expected to significantly impact the global stock market and sectors like metal in particular. Market expert Raghvendra Singh notes that JSW Steel has already broken out above the ₹950-960 levels, while Tata Steel is poised to breach the ₹1,000 mark. Hindustan Zinc, currently trading at ₹500, is also set for potential gains. Raghvendra Singh highlights that precious metals are showing strong momentum, with silver surging past $32 and gold nearing $2,700, further boosting investor confidence. He advises holding metal stocks for the next two to three years for substantial returns.
Kiran Jani, Head of Technical Research at Jainam Broking, also sees significant opportunities in the metal sector. He highlights Vedanta, currently trading around ₹500 after a breakout, as a strong investment. Steel Authority of India (SAIL) has given a breakout from a double-bottom pattern and is now trading above its 150-day moving average, with a target of ₹145 and a stop-loss of ₹120. Hindustan Zinc offers another opportunity, trading near ₹500, with a short-term target of ₹580-590 and a stop-loss of ₹480. Jani draws comparisons to previous bullish cycles in the metal sector, particularly during global policy shifts, and anticipates further rallies fuelled by China’s stimulus and the recent decisions by the US Federal Reserve. With these developments, metal stocks are emerging as a lucrative opportunity for both short-term and long-term investors.
Don’t miss Business Today TV’s exclusive coverage as we decode the opportunities in the metal sector. Whether you’re a short-term trader or long-term investor, our experts provide actionable advice to navigate market trends and identify top-performing stocks. Watch now to align your portfolio with the market’s momentum!
#TataSteel #HindustanZinc #SAIL #Vedanta #PreciousMetals #GoldAndSilver #EconomicGrowth #MarketAnalysis #SteelSector #IndianMarkets #ChinaEconomy #BullishOutlook #TradingTips #InvestmentStrategy
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