CNXMETAL has been in an uptrend, continuously forming higher lows. After the recent complex pullback, it seems rested and ready to move forward and challenge its highs and possibly make new ones. Certain stocks in this sector can be traded for a short term trade and I will post my analysis of them shortly.
Comment:
The highs continuation candle of 11th June were not challenged for the next two days, and has broken the low of that day 5262, so the continuation of trend seems halted for now.
Comment:
Waiting for a new continuation candle on this setup, trend is still bullish.
Order cancelled:
The index seems to have entered a sideways phase, should resume a trend on the breakout of highs around 5525, will keep watch.