a sector for the decadeAnalysis posted is of CNXMETAL that is showed here on quarterly time frame chart, hence it isn't meant for executing trade rather its indicative of sector strength as depicted by pattern.
1. Inside bar 1 2388 points 54%
2. Inside bar 2 1710 points 25 %
3. classic Inside up candlestick pattern under
NIFTY METAL INDEX --- metal stocks can give big gains NSE:CNXMETAL viewpoint
the metal index is near its previous high
one can research good metal stocks for investment
metal stocks has potential to give big gains in coming months
this analysis is for knowledge sharing and educational purpose .
this post is not a buy or sell recommendation.
#CNXMETAL NiftyMetal MTF analysis Sharing my multi timeframe analysis on Metal index, which I believe is a candidate for coming weeks to show some strength
On Monthly tf, it has formed inverted bullish hammer in March which is generally a sign of reversal and also looks like a higher double bottom formation near 38 to 50% fibo sup
NIFTY METAL SECTOR - CHART ANALYSISAnalysis Criteria Used:
1. Please find the Chart Analysis done for the NIFTY SECTORS for the upcoming week and the following days
2. The analysis for the Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in pl
See all ideas