Nifty metal Index now at 5770
Time Cycle 1 , Based on Fibonacci extension,,
Price wise the extension of 1.618% of last down swing have now extended to maturity levels,, ended this week,,
Price wise the extension of 1.618% of last down swing is around 5971 levels,, still 2 to 3% move is pending..
So price and time squaring around the same point in trend,, when ever...
Metal index reached the resistance level 3 weeks before and now falling strongly. Try shorting the metal stocks which is on sell, leave alone the metal bull stocks !!!
