CNXMETAL - NIFTY METAL INDEX

11. Apr. 2022

Nifty Metal Index is possibly completed as a leading Diagonal wave 1 of wave 5 circle, where wave 5 is shorter than 3, and wave 3 is shorter than 1 ( Leading Diagonal )
If its right than possibly wave 2 of wave 5 is now Due or ready to unfold, in macd and RSI we are witnessing negative divergences, along with Negative crossover in Stochastic and MACD, also RSI is Down tick, Lets see what happens next.

Overall wave structure could be like this


macd also turned negative cross along with Negative Divergence


macd negative crossover in hourly


RSI negative Divergence


RSI Down Tick


stochastic in daily time frame negative crossover


stochastic in hourly time frame negative crossover


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