Nifty Metal bounces back from long-term support levels, can gain another 7%

Quick Summary:

The Nifty Metal index tested the 100-Week Moving Average for the last six weeks, and seems to have defended it for now.

Among stocks Tata Steel, SAIL and Hindalco can rally up to 12%, suggest charts.

On the daily scale, the stock is seen trading above its 100-DMA for the first time since November 06, 2024.

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Category: BusinessFinance

Markets: IndiaUkraine

Topics: Nifty metal index Stock tips Stocks to buy Tata steel stock price Hindalco outlook Sail stock price Sail share price Tata steel target price Stocks to watch Stocks in focus Stock recommendations Trading strategies Sail outlook

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Article Type: News Report

Published On: 2025-02-21 @ 12:38:46 (1 days ago)

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News Source URL: business-standard.com

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