Alicon castalloy second break out#alicon
#aliconcastalloy
After a strong breakout of 700-720 area, stock is nearing for another breakout.
Any weekly close above 910 will trigger more upside.!!!
#vr
Wheel
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
WHEELS : BO with volume WHEELS : BO with volume
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
