Indian Metals and Ferro Alloys LtdTrendline broken, retaking support
RSI at 65
Go long
Stop loss at 465
Hold for 512, 532
Alloy
MAITHAN long positionalTook POSITIONAL long trade in maithan alloys
Entry 1270
Tgt 1560
SL 1125
Know your risk. Respect SL and Exit immediately is SL hits as long weekend and if broader market weakens due to bad news then loss will be more.
Good luck
#vr
SSWL, Steel strip for Long term#sswl
Steel strip wheels Ltd.
One of the biggest alloy and steel rim player.
Some renowned names hold stake in it (Tata steel, sumitomo metals)
Customer base has names of Kia, Tata, BMW, honda.
Holds more than 50% market share in each and every segment.
Currently under pressure due to automobile Sector weakness, good time to start accumulation.
Technically,
After breakout it has completed retest.
Pullback was also till fib support.
Can add at these levels and keep on adding on dips till 700.!!!
And, have patience with this one.!
Fundamentally there are few red flags, hence I am not keeping it on top 75% of my portfolio.
Kindly DYOR
#vr
Facor Alloys - BullishFacor Alloys - Bullish
** Penny Stock - Be Aware and Cautious!!!
Buy : ₹ 4.7 - ₹ 4.9
Target: ₹ 5, ₹ 5.7
Support: ₹ 4.08
Invest and Trade Wisely! Good Luck!
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**Disclaimer:
I am NOT a SEBI registered consultant/Advisor. It is completely my view and opinion.
My intention is not to provide any financial advice, training advice, or any type of advices or any recommendations on stock/Forex/Coin buying or selling.
Please do your own research and consult with your financial advisor before taking any action.
I am not responsible for any of your action on buying or selling or holding the above mentioned stock or/and index or/and Forex or/and coins .
***
