*NIFTY METAL Eyes 15% Rally | Cmp - 9351| Targets 9800/10200/10600* - 29.05.2025 *SPECIAL REPORT : NIFTYMETAL INDEX | 3 to 12 Months* *Nifty Metal Index Eyes 15% Rally as Breakout Gains Target ₹10,800 (Medium term 3-12 Months* - 29.05.2025 * Entire Metal Basket Stocks Looks Attractive *Chart Name:* Nifty Metal Index *Current Market Price:* 9,351.65 *Current Trend:* Bullish continuation forming higher lows, testing major resistance. *Chart Outlook & Prediction* * Nifty Metal is consolidating just below major resistance near 9,400–9,500. Weekly indicators like RSI and MACD show bullish strength building, supported by price staying above all major moving averages. A sustained move above 9,500 could open the gates to test the all-time highs around 10,600 and beyond in the coming weeks. *Upcoming Events* * Global Metal Demand Outlook * China PMI and Infrastructure Stimulus Data * Indian Manufacturing PMI & Budget Commentary * US Fed Policy Signals *Support & Resistance Levels* * Support: 8,930 / 8,600 / 8,300 * Resistance: 9,500 / 9,800 / 10,600 *Trend, Volume & Dow Theory* * Trend: Bullish short to mid-term, long-term bullish continuation intact * Volume: Gradually rising on green candles—healthy accumulation * Dow Theory: Higher lows and higher highs—classic uptrend structure resuming after correction *Breakout Strategy (Bullish Bias)* * Entry Above: 9,500 | Stoploss: 9,230 * Targets: 1. 9,800 | 2. 10,200 | 3. 10,600 *Breakdown Strategy (Bearish Bias)* * Entry Below: 8,900 | Stoploss: 9,150 * Targets: 1. 8,600 | 2. 8,300 | 3. 7,950 *Final Takeaway* * Metal index is at a decision point. Swing traders can look for a breakout trade above 9,500 while keeping stop-loss tight. Investors may consider staggered accumulation if price sustains above 9,000. Avoid fresh shorts unless key support zones break decisively. *Caution Note* * All Positivity Negates Below: 8,900 * All Negativity Negates Above: 9,500 *Disclaimer: This analysis is for educational and informational purposes only. It does not constitute investment advice. Always consult a certified financial advisor before making trading or investment decisions. Markets carry risk; trade responsibly.*