📊 Nifty Metal Index - Trendline Breakout! 🔥
✅ Ascending Channel Breakout – After months of base formation & consolidation (since March 2025), the index has broken out with strong momentum! 📈
✅ Wide-Range Candles – A sign of strength & institutional activity 🏦
✅ Sector Focus – If China will be doing well then in the upcoming quarters, metals could see strong upside opportunities 💡
📌 Key Levels to Watch:
🔹 8,715 – Previous resistance now potential support 📍
🔹 7,921 – Important demand zone if a retest happens
💡 Metals could be a key sector to track! Chart shared to spot potential trade setups. 🚀
✅ Ascending Channel Breakout – After months of base formation & consolidation (since March 2025), the index has broken out with strong momentum! 📈
✅ Wide-Range Candles – A sign of strength & institutional activity 🏦
✅ Sector Focus – If China will be doing well then in the upcoming quarters, metals could see strong upside opportunities 💡
📌 Key Levels to Watch:
🔹 8,715 – Previous resistance now potential support 📍
🔹 7,921 – Important demand zone if a retest happens
💡 Metals could be a key sector to track! Chart shared to spot potential trade setups. 🚀
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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.
Related publications
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.