Nifty Metal - Underperforming sector

٥ مايو ٢٠٢٣

Nifty Metal index trading above 200 EMA. Looks good for upcomming days as almost all major sectors have recovered after the latest Downside rally. Vedl, Hindalco, JSWsteel and Jindalstel are stocks under focus. One can start investing with little portion after breaking 200 Ema and taking pullback.
Note - Fib Retracement levels will act as resistance levels.