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TRADERPARRY
Oct 4, 2021 12:23 PM

CNXMETAL STRONG UPMOVE TOWARDS ATH Long

Nifty Metal IndexNSE

Description

Strong Bullish momentum in the CNXMETAL is visible on the daily charts. The metals sector growth could be the key sector handholding #NIFTY50 towards the ATH. With 9EMA having crossed the 20EMA upwards and the RSI at 56 the MACD is edging towards crossing the Signal line decisively. The technical patterns indicate a solid momentum that could move the index towards the ATH of 6000 plus
Comments
Gondu16
Today it wss down. Any recovery?
TRADERPARRY
@Gondu16 expected to take an upside from here. Good Q2 results will aid in the momentum.
Gondu16
@TRADERPARRY, Thank you
TRADERPARRY
Bulllish momentum in #CNXMETAL index, focus on key constituents #tatasteel #jswsteel #hindalco for sustained momentum
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