Its moving weak , you can look this as
Regular flat in case it makes a move on 1st forecast and turns , if it continue then
You can expect this to form in to Expanding flat
after this move i am looking one final drop ( down side move )
before the start of new Impulse leg up
2 years ago in Feb 2016 , Nifty and Nifty Metal did bottom out together after that a year later, in Jan 2018 Nifty and Nifty Metal both made a top as well. Since then Nifty Metal is underperforming compared to nifty, while nifty climbing back to new highs, Nifty metal is just started advancing month ago.
Current rally in metal index is showing strength but need...