RK_Charts

CNXMETAL - NIFTY METAL INDEX

NSE:CNXMETAL   NIFTY METAL
Nifty Metal Index is possibly completed as a leading Diagonal wave 1 of wave 5 circle, where wave 5 is shorter than 3, and wave 3 is shorter than 1 ( Leading Diagonal )
If its right than possibly wave 2 of wave 5 is now Due or ready to unfold, in macd and RSI we are witnessing negative divergences, along with Negative crossover in Stochastic and MACD, also RSI is Down tick, Lets see what happens next.

Overall wave structure could be like this

macd also turned negative cross along with Negative Divergence

macd negative crossover in hourly

RSI negative Divergence

RSI Down Tick

stochastic in daily time frame negative crossover

stochastic in hourly time frame negative crossover

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I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
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Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
Disclaimer

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