NIFTY METAL INDEX breaking out of 2-month consolidation

٢ مايو ٢٠٢٣

NIFTY METAL INDEX is coming out of a 2-month consolidation, and its RSI (momentum) has entered bullish zone above 60. Looks time to track metal stocks.

Hindalco, Jindal Steel, JSWSTEEL, MOIL, & Welcorp are also breaking out from small consolidations, and RSI entered into bull zone above 60.

Only personal analysis. No recommendation.