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Scan Steels LtdScan Steels LtdScan Steels Ltd

Scan Steels Ltd

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SCANSTL trade ideas

Scan Steels Limited - Looks Good!The Co. Scan Steels Limited manufactures TMT Rod (under the brand name of SHRISHTII TMT), Sponge Iron, MS Billets/ Ingots, and generates power for captive consumption. Technicals Pattern: Symmetrical Continuation Triangle (Bullish) Duration - 1-2 months The price has broken upward out of a consolidation period, suggesting a continuation of the prior uptrend. RSI indicating price strength Fundamentals which looks good as well Company with Low Debt Strong cash generating ability from core business - Improving Cash Flow from operation for last 2 years Book Value per share Improving for last 2 years Company with Zero Promoter Pledge Company with decreasing Promoter pledge PLEASE NOTE THAT: This chart analysis is only for reference purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade
BSE:SCANSTL
by hardeepssethi