NSE:CNXMETAL   Nifty Metal Index
Metal index is showing good moves after budget along with Elliot wave counts. Possibly wave i & ii of 5 is completed, and possibly wave III of 5th is started.
Wave Structure could be like this
Macd in daily
Macd in hourly
Rsi in hourly
Bollinger band challenged in hourly
Dmi adx also positive

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Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
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