Nifty Metal
CNXMETAL
has been downtrend ever since mid January and metal stocks have been hammered black and blue due to the trade war worries between US and China.
However, the pullback this week from the lows of 3060 was quite strong and I can see a bottom formation here with RSI showing divergence.
Good opportunity to buy stocks like Hindustan Zinc
HINDZINC
, JSW Steel
JSWSTEEL
with stop loss at their July lows.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
However, the pullback this week from the lows of 3060 was quite strong and I can see a bottom formation here with RSI showing divergence.
Good opportunity to buy stocks like Hindustan Zinc
HINDZINC
, JSW Steel
JSWSTEEL
with stop loss at their July lows. Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.