NIFTY METAL NSE:​CNXMETAL

Nifty metal -Monthly FnP - T-6071. Time to find few good metal stocks.

Long Metal Sector

CLEAR B-OUT. TRADE OPPORTUNITY FOR MONDAY. NSE:CNXMETAL

heading north

CNXMETAL Outside bar in channel at S/R zone

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structure looks positive to go on long side in metals with a positional view on metal stocks , globally metals are already beaten , so a sharp up move cannot be denied !

Nifty Metal NSE:CNXMETAL has been downtrend ever since mid January and metal stocks have been hammered black and blue due to the trade war worries between US and China. However, the pullback this week from the lows of 3060 was quite strong and I can see a bottom formation here with RSI showing divergence. Good opportunity to buy stocks like Hindustan ...

In weekly, after a strong uptrend, head & shoulder pattern formed then price broke the neckline and pattern confirmed. https://www.tradingview.com/x/WIiOb2Hn/ Bolinger band is in downtrend and price is pushing the lower BB downwards. So we can see selling pressure in metal stocks like tatasteel, hindzinc, welcorp, hindalco, vedanta etc.

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After a long downtrend from 4300 levels, looks like Nifty Metal index NSE:CNXMETAL has managed to get some support at least temporarily at 3320 levels. It will be interesting to see what happens at the trendline resistance which is currently around 3700 levels. I can see a Double Bottom here with positive divergence and also a Morning Star formation. Good ...

Head and shoulder formation confirms that the bearish trend in metals will start

Nifty metal Index (for reference only)

Index has been trading in lower high lower formation. Today price bounced from recent low with Bullish Divergence visible on hourly chart. 3500 is also 78.6% retracement of entire move from 3366 to 3982 which will act as crucial support. Going forward till 3520-3500 holds expect bounce till 3630-3670-3700 Break and cose above 3700 will confirm trend change and ...

CNXMETAL has managed to bounce from the upward sloping trend line and started the new leg with a gap up on Friday 17-Nov-2017. The gap that was formed has successful held in first half of 20-11-2017 and looks poised to move towards higher highs.

Nifty Metal is on its Trend line and Horizontal support.....Next Nifty Rally , will lead by all metal Stocks especially VEDL, Tata STeel and Hindalco

Metal index gap n closed good ultra bullish ....on metals...4000 can hit short term....

index formed a small hammer setup on weekly charts, sugget a upmove from this level. similer setup in tatastell, jswsteel https://in.tradingview.com/x/SjGQzEcM/ https://in.tradingview.com/x/2UnFvQ6J/ new high possible . buy with week low as sl