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ravi15684
Jun 19, 2022 4:02 PM

NIFTY METAL - Bearish zone Short

Nifty Metal IndexNSE

Description

NIFTY METAL - Bearish zone

1. It breaks the 1st support zone 4830 on the downside this week.
2. In a bear trap, the next support will be at 4490, and 4200 respectively.
3. Till it gets support most of the metal sector will be in a downtrend in upcoming weeks.
4. Example: TATA Steel will be on a more downtrend in upcoming weeks.

Note:
1. I’m not a SEBI Registered advisor, my research is personal and for educational purposes only.
2. Always check with your financial advisor and take the trade as per your risk/reward ratio.
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Comments
VivekGolchha
Beautiful Analysis!
ravi15684
@VivekGolchha, Thank you so much...
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