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BSE Metals Index

4 Jun 2018 ‚óŹ 05:55 AM

The BSE Metals index is in corrective mode as the monthly momentum remains in sell mode. The break of the rising channel and last months low keeps us from marking a bottom. Wave Y down is in progress and below the 20 month average at 12911 we may go to 11817 or 10900 near wave 2 of 5. In the big picture I am still considering this dip as wave 2 down. So metal stocks could remain under pressure along with the rest of the market.

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