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.