Swing trading setup "SAIL", can expect more than 100% returns.
The stock is picked on the basis of both technicals and fundamentals, can easily expect good returns after 1st target breakout, and even targets up to T1 are quite attractive, one can add sail in his/her portfolio seeing the price at which it's available.
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1)On Daily Time frame: It has been facing resistance from 21DMA and is not able to close above it. Currently 21DMA is placed at 121.48 level.
Please refer below chart : Daily time frame.
2) On daily time frame: It has been respecting the support zone and keep on taking support from it....
Tata Steel BSL
Cmp - 93
Stop - Nil, Add more on relevant dips
T1 - 450
T2 - Open, Review at 450
Expected Holding Period - 2 years or earlier for T1
Technicals - ✅
Fundamentals - ✅
Ideas being shared only for educational purpose
Please do your own research or consult your financial advisor before investing
Coking coal is used in steel mfg as raw material with iron ore.
$ACF Futures have broken key resistance $204 in July with support at $200 and resistance at $233 in August. Closing >$233 in Aug. could see coking coal at $266 in Sept.
Metals had followed a clear cyclical pattern.
2004-08 was the longest bull run where it gave returns of over 321%.
The current bull run is still a year old and had already given returns of 275 percent.
How long will this party run?
RSI is at 78 and had broken all previous ATH except the RSI of 2008 bull run which peaked at 90 before cooling off.
GPIL is a midcap steel derived products, power generation and iron ore mining.
This stock has had a tremendous bull run (almost 9x YoY) and still trades at a reasonable valuation
Expecting further value unlocking to happen as the Steel bull run continues.