vikramsthakkar
Long

NiftyMetal(3570): #BullishDivergence #Doublebottom

NSE:CNXMETAL   NIFTY METAL
Index has been trading in lower high lower formation. Today price bounced from recent low with Bullish Divergence visible on hourly chart.
3500 is also 78.6% retracement of entire move from 3366 to 3982 which will act as crucial support.

Going forward till 3520-3500 holds expect bounce till 3630-3670-3700
Break and cose above 3700 will confirm trend change and resume of uptrend
In case 3500 is broken above view will negate and resume of downtrend upto 3450-3350
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