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Steelsector

Tinplate at FingertipS💰💰✔✔ Buy @ 160-69 range trgt 192💚210💚257 sl below 145🤨🙏 Reasons for this buy 🧩🧩technically promising chart. 🧩🧩good q3 & q4 published.(Tinplate Company of India standalone net profit rises 107.08% in the March 2021 quarter) 🧩🧩Y-O-Y profit increaing gradually even the previous pandemic. 🧩🧩low debt company,therefore they offer good dividend returns 🧩🧩Current price is less than the intrinsic value 📍📍almost good but one factor disappointed me .In last 2 years, promoter holding in the company has almost stayed constant.📍📍 day frame chart👇👇 ✔ about the company 💢The Tinplate Company of India Limited is a producer of tin coated and tin free sheets. The Company manufactures various grades of electrolytic tinplates, tin-free steel sheets and full hard cold rolled sheets (FHCR) used for metal packaging💢 like 🎈 comment🎈 support🎈
TLong
by ANKITHSHAJU
12
#LETSTALKABOUTMARKETS - JSW STEELThe stock has rallied almost 33% in the last 2 months, there needs to be a correction or consolidation phase. One needs to be cautious not to enter long at this point as technical indicators suggest a short set up. 1. RSI negative divergence - The price is increasing at a very fast pace but the strength index is not following the path as indicated in the chart. 2. Bollinger Bands - The stock should close below the Bollinger band and might drift towards the average line. One can take a short set up with a strict Sl at 333 with a target of 300. This is purely for educational purposes.
NSE:JSWSTEELShort
by je_sh