The stock has been affected due to ADANI Enterprise fall and nifty100 as well as nifty metal also sipped from their highs. T.Steel is retesting its Critical demand zone.
RRR has shown in the chart for best entry wait for to form the higher highs in 5min candlestick
Points to be Note (Technicals + Fundamental)
1. Cup and handle formation.
2. Plunges with casual risk or news and index
3. Above from Critical Demand zone and retesting the levels
4. Company profit is increased from YOY 2020 and still -9% from YOY 2019
5. P/BV is high, the Debt ratio is high, PE is high.
6 Due to ratio diversions still sales edge over its peers make a sense to hold for the long term.
6. Sales have been increased impressively
7. Demand in the auto sector will move the metal in the next few weeks
Let me know in the comments what are your views on this!
TATASTEEL
RRR has shown in the chart for best entry wait for to form the higher highs in 5min candlestick
Points to be Note (Technicals + Fundamental)
1. Cup and handle formation.
2. Plunges with casual risk or news and index
3. Above from Critical Demand zone and retesting the levels
4. Company profit is increased from YOY 2020 and still -9% from YOY 2019
5. P/BV is high, the Debt ratio is high, PE is high.
6 Due to ratio diversions still sales edge over its peers make a sense to hold for the long term.
6. Sales have been increased impressively
7. Demand in the auto sector will move the metal in the next few weeks
Let me know in the comments what are your views on this!
TATASTEEL
Due to the gap-down opening below the critical demand zone, it's better to stay away for a while.
Targets are still valid if one has approached.