NeeteshJain
Long

NIFTY METAL Looks Positive - (BUY)

NSE:CNXMETAL   NIFTY METAL
According to its monthly chart, the index has made all time low of 1500 in the month of Feb 16 and from then it responded well and positive.

I believe it will continue its positive trend due to below top 3 reasons,

1. Globally Metals are positive

2. Metal Stocks like JSW Steel and Tata Steel have been moving positively

3. Structure support confirmation on monthly chart and increase in volume of buying.

4. Additionally, there is a RSI divergence on the monthly chart,

It is a good time to buy into metal shares like Tata Steel and JSW Steel, they soon be making new all time highs.
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