NIFTY METAL is trading near the lows of last 1 year.
In the medium term the prices have been in Downtrend.
Longer to medium Term Trend is Down.
NIFTY METAL Japanese Candlestick Analysis:
NIFTY METAL is trading near the middle of the day's range.
Lower High and Lower Low compared to previous day. Bearish
Day's Range: 3085.55 ~ 3134.80
NIFTY METAL opened at 3102.20 compared to previous close of 3114.00
2018-12-14 was NR7 day. NR7 day after a trending move usually implies loss of momentum in trend. Range expansion is likely after NR7 day.
1 candlestick pattern: none
2 candlestick pattern: none
3 candlestick pattern: none
Pivot, Support and Resistance:
*pivot points are calculated based on the closing data of 2018-12-14
NIFTY METAL Volume and Moving Average Analysis:
Day's Range (.)
20 Day Range (.)
50 Day Range (.)
52-Week Range (.)
20-Day SMA: 3,175.4
20-Day average volume: 78,786,900
NIFTY METAL has average daily volume of 78,786,900 compared to today's volume of 54,997,000. It is currently trading Below 20 day simple moving average.
50-Day SMA: 3,306.5
50-Day average volume: 78,304,060
Short Term Trend is Down!!!
It is currently trading about 27% below it's 52-week high.
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