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t_vpema

NIFTY METAL

Short
Nifty Metal Index (NSE:CNXMETAL)  
t_vpema  
NSE:CNXMETAL   Nifty Metal Index
Chart Patterns Head and Shoulders
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chartpattern headandshoulders
Metal sector is forming a Head & Shoulder pattern on weekly timeframe.
Last week there was a "Shooting Star" candle formation with the followup this week.

If the overall market downtrend continues then there are good chances of followup on downside.

NOTE: Kindly consult your financial advisor for any buy/sell decision.
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