NIFTY METAL INDEX IS NEARER TO ITS TRENDLINE - (NIFTY METAL INDEX CANNOT BE TRADED)
WATCH STOCKS SUCH AS TATA STEEL , COAL INDIA , HINDALCO AND JSW STEEL AS THEY ARE THE MAJORITY CONTRIBUTORS TO NIFTY METAL INDEX.
Nowadays in internet we can get whatever information we need in any subject. Lot of trading related materials are available. Then why profitable traders ratio is very less ? One of the reason is mindset. And another reason is unorganised knowledge. Lets say for example a library contain books in various subjects, but they are not organised subjectwise. In that...
Nifty Metal - The most important indicator of Global Markets.....
1. The levels of Nifty Metal is indicating towards a sharp volatility in global indices in coming days.
2. It has tried getting out of the channel twice but has not been succesful. This is the third attempt, Incase it fails this time we can see a
sharp fall downwards...
I am looking an Completed 5 wave move down in 1st leg giving an confirmed termination of Wave A of corrective pattern
I am looking for Wave B of corrective move to make up to take profit forecast ,
after this move completes expect one sharp move by function of time
Currently this Index is showing bullish sentiment , One can look for taking trade in...
NSE:CNXMETAL has taken support multiple times from the same trend line , if breached can give good opportunity for shorting, or it can come up , as i am thinking hindalco is positive in another idea