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vipulmehta817

NIFTYMETAL/NIFTY Bounces from 31.8 Fibonacci Retracement Zone

Long
CNXMETAL/NIFTY  
vipulmehta817 Updated   
CNXMETAL/NIFTY  
Trend Analysis Chart Patterns 318 Fibonacci Retracement bounce niftymetal ratiochart relativestrength
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trendanalysis chartpattern 318 fibonacciretracement bounce niftymetal ratiochart relativestrength
NIFTYMETAL/NIFTY ratio chart is exhibiting retracement from its pullback from last highs. The ratio has shown successful retracement toward 0.318 Fib level and seems to have successfully bounced from that level. This is bullish development for the metal stocks in the coming weeks. We may see the price going back to the previous high and beyond.
Trade closed: target reached

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