Metals- Topping out ?

hindalcoMetals have seen a dream run since the beginning of this calendar year, but yesterday’s fall in metal stock with which was a rather deep one although it was with the market direction, but still there are some things which make us think the metal counters could be near topping out if the fall gets confirmed with an additional correction to the tune of 5% or so on the charts.

Refer the chart

 

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AUTHOR: Ashish Andani
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