We saw good rally in metals(Tatasteel,jswsteel,jindalsteel,Sail), these many days.
Fresh Investors Ignore Metals as of now.
Now It's in overbought zone, Will it sustain or we can see a big dip in All Metals.
Also looks like completion of Elliott's 5 wave - .
Go through my profile...
Time to book Profits !!!!
We watched a Big Rally In Steel companies for last 20 days. We are looking Some weakness in Steel sector Includes Jswsteel ,Jindalsteel and Tatasteel in the last two sessions. All are at major support If it breaks the support then we can expect a major fall.
check my profile for charts of jindalsteel and jswsteel.
Look at this nifty...
Bata India shown multiple rejections previously. So tomorrow results might drag it down.
Short below 1248 Safe players short below 1239. look chart for levels.
If breaks 1239 we can see1230,1227,1220 levels