WHEELS
WHEELS - watch for weekly close above 805NSE:WHEELS
cmp 800
keep an eye for weekly close above 805
will do well above this horizontal trendline
The objective of this analysis is knowledge sharing and education. There isn't any buy or sell advise in this article. Every stock is held for a short to medium amount of time and is positional.
It is expected of each person to carry out independent research and evaluation to ascertain whether my perspective is consistent with your studies.
WHEELS - retest + reversal with breakout - Swing tradeThe analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
WHEELS : Cross Over Trendline WHEELS -- crossed trend line with decent above average volumes
Volume is Monthly High
The daily trend changed to positive
High on momentum
Above 20-SMA on Daily, Weekly, Monthly Time Frame
Also, the Monthly trend is +ve & now the Weekly trend Changed to +ve.
Please do your own research before making any investment
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