RIDING THE INDIAN METAL RALLYThe Indian Metal Index (CNXMETALS) is shaping up for an exciting move! 🚀
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Through technical analysis, I’ve identified a strong inverse correlation between CNXMETALS and the Dollar Index (DXY) 📊.
Historically, when DXY weakens, Indian metal stocks tend t
CNXMET : Nifty Metal index shows the sign of recoveryWhile most sectors in Indian market are still in down trend, Nifty Metal index(CNXMET) shows signs of trend reversal. This is a positive sign in at least one of the Indian sectors.
Note: It is always a risk to go against the larger market trend, Nifty and Sensex are still in down trend. This an
Index to watch out for next week is Metal Index. The index that did very well this week and which has potential to carry forward the momentum into the next week seems to be the Metal index if it can cross 2 major hurdles at 8941 and 9227. Currently the closing of CNX Metal Index is at 8926.90. In the coming weeks if we get a closing above 8941 and
Nifty Metal | A Sector to watch out for in this falling market.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 o
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Displays a symbol's price movements over previous years to identify recurring trends.