ParamjitMahapatro
Short

metal sector looks bearish

NSE:CNXMETAL   NIFTY METAL
In weekly, after a strong uptrend, head & shoulder pattern formed then price broke the neckline and pattern confirmed.


Bolinger band is in downtrend and price is pushing the lower BB downwards.

So we can see selling pressure in metal stocks like tatasteel, hindzinc , welcorp , hindalco , vedanta etc.

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