Metal Stocks to Roar Higher

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This is why I am bullish on metal stocks.

The bulls roared on the Nifty as it hit higher high surpassing 14,878. RSI has reversed from the support zone and is also heading higher.

On short term chart, Nifty is on the verge of breaking out of bottom formation in the form of the inverted head and shoulder with confirmation above 14,900 levels.

Initially, as a target above the breakout one can expect 15,180 levels and post that, it’s likely to head towards a new all-time high.

The metal index technical structure looks promising for the bulls and in the coming weeks and months, it is likely to head higher above 4,500.

#MetalStocks #MomentumMoves #BullMarket

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