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Metal

Nifty Metal - Trend Analysis and Important CalloutsNifty Metal Trend Analysis and Important Callouts. Nifty Metal is on uprun from long time. A downward channel is developing any may test main upward channel mid and lower channel support in coming days. If lower developing channel is breakout upwards then Metal may continue to rise as it was doing before. Will revisit this idea in coming days to see if index has moved out of main upward parallel channel. Please do leave comment and feedback if you have any. Any feedback is welcome. Thanks.
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by MrGaggi
SAIL - Possible reversal in short term trend.Sail is consolidating since 1 month after big move earlier and since then trading in symmetrical triangle, now it's near support zone as shown in chart, and as the triangle getting narrowed, expect a breakout soon, most probably a upside breakout as volume is not great during fall also RSI & CMO is in oversold zone, so expect a reversal in trend, and as it break past the resistance zone then expect it to resume the original medium term up trend, Overall I expect that Sail should soon achieve the long awaited 3 digit mark.
NSE:SAIL
by KunalJain
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