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KashmiraLodha

METALS [possible breakout]

Long
Nifty Metal Index (NSE:CNXMETAL)  
KashmiraLodha  
NSE:CNXMETAL   Nifty Metal Index
Trend Analysis Chart Patterns Technical Indicators trendcontinuation cupandhandlebreakout possiblebreakout Technical Analysis
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trendanalysis chartpattern indicator trendcontinuation cupandhandlebreakout possiblebreakout technicalanalysis
Metals have seen a huge rally in the past 6 months.
They are still quite strong and could show another small leg of the rally in the upcoming days.
Nifty metal index has formed a bullish continuation "cup and handle pattern" on the daily timeframe.
It signifies the continuation of the uptrend after breaking out the resistance level or the neckline of the cup.
Time horizon :Short term-medium term.
CNXMETAL
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