STEELCAST✦✦ BREAKOUT STOCK ✦ ✦
#STEELCAS
CMP 828.60
The stock was in a long, 52-week consolidation phase before breaking out.
9-Week Small Base Formation
2x Average Volume on Daily Chart
Rising EMAS Indicating Strength
Entry Point:
The ideal entry would be near the breakout level of 830-850,
confirming the breakout above resistance with strong volume.
Targets: 910, 1020, 1150
Stop-Loss:
Set a stop-loss around 735, below the consolidation range,
to manage risk in case of a false breakout.
