nifty metal index is on fibo level of .618. which is considered a good reversal level. market seems bullish by seeing budget . keep eyes on metals .
Note
10% nifty metal upmove,12% Almost up move jindal steel.
9% almost upmove in JSW steel.
11% almost in tata steel.
7% almost upmove in Sail.
39% up move in 4 major companies of steel.
Note
25% nifty metal upmove. assume steel companies move so far.Note
46% upmove in HINDALCO21% upmove in JINDAL steel
10% upmove in JSW STEEL
24% upmove in SAIL
21% upmove in TATASTEEL
TOTAL 120% move in metal companies.
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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.