Nifty Metal (Sector Detailed Analysis)
Nifty Metals (Weekly):
1. Sector has given a breakout from its consolidation range
2. Sector was consolidating from last 1 year
3. Upper Bollinger Band is challenged
4. Also, there is Positive Crossover of 5,13 Weekly Exponential Moving Average
Major constituents of Nifty Metal are:
1. Tata Steel- 21%
2. Hindalco- 18%
3. JSW Steel- 13.5%
4. Vedanta- 11%
5. Adani Enterprises- 10%
6. Coal India- 8%
Note:
The above analysis is just for educational purpose.
1. Sector has given a breakout from its consolidation range
2. Sector was consolidating from last 1 year
3. Upper Bollinger Band is challenged
4. Also, there is Positive Crossover of 5,13 Weekly Exponential Moving Average
Major constituents of Nifty Metal are:
1. Tata Steel- 21%
2. Hindalco- 18%
3. JSW Steel- 13.5%
4. Vedanta- 11%
5. Adani Enterprises- 10%
6. Coal India- 8%
Note:
The above analysis is just for educational purpose.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.