Steel Exchange India - 3 monthsSteel Exchange India - 3 months
1) Gradual HH HL
2) Volume Increase
3) PAttern formation done
Ready to explode atleast 5 times. CMP 12.80
STEELXIND
STEELXIND Channel & Falling Wedge BreakOutSteelxind had earlier given a channel breakout on 1D timeframe with higher volumes. It started consolidation after breakout and is now attempting to breakout from a falling wedge pattern on 1D timeframe. Go long after bullish closing confirmation. Follow stop loss rules.
steelxind swing trade
📈 #Steelxind update: Trendline breakout ✅ Retest done ✅ 200 EMA support on weekly amidst huge volumes. Bullish momentum intact. #TechnicalAnalysis #Trading
#USHAMART USHAMART #RELIANCE #NIFTY #BANKNIFTY #IT #IOT #STEEL #USHAMART
Usha Martin Ltd.
NSE:USHAMART
NSE:USHAMART
CMP: 97.75
Short term quick target 107+
Long term higher expected.
SL: 89
Duration < 1 month
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
