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.
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.
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.
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.