Nifty 50 and it's major indices are falling and the correction is expected to continue over the next few weeks.
However, there is one sector which looks resilient and that is the Metal Space.
While the sentiment may not be super Bullish, as per my analysis, we can expect this space to consolidate over the next couple of months and then give a Bullish move.
As you can see from the chart, the sector is consolidating and not in a vertical decline like the other sectors. So watch out for this space.
In fact, Heavyweights like Hindalco and TATA Steel are already showing Bullish momentum.
However, there is one sector which looks resilient and that is the Metal Space.
While the sentiment may not be super Bullish, as per my analysis, we can expect this space to consolidate over the next couple of months and then give a Bullish move.
As you can see from the chart, the sector is consolidating and not in a vertical decline like the other sectors. So watch out for this space.
In fact, Heavyweights like Hindalco and TATA Steel are already showing Bullish momentum.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.