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ParamjitMahapatro
Jul 22, 2018 2:26 PM

metal sector looks bearish Short

Nifty Metal IndexNSE

Description

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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