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
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Macd in daily
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Macd in hourly
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Rsi in hourly
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Bollinger band challenged in hourly
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Dmi adx also positive
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I am not sebi registered analyst
My studies are Educational purpose only
Please consult your Financial advisor before trading or investing
breakoutCNXMETALimpulsewaveTechnical IndicatorsMetalsniftymetalsteelTrend AnalysisWave Analysis

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