STEELXIND broke the ressitance zone and has taken support after a pullback. It has a potential to deliver 72% in mid term. Excellent volume is also seen from last few weeks.
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1%-2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking...
-This Penny Stock Is Going To Double In Next few Months
-trend breakout above 13.70
-rsi divergence + Breakout & retest done looking very strong
-rise in volume + Adx shows strength in momentum
-keep in radar it can give excellent return in short term
#Steelxin cash -Positional call for 1 year
04.01.2024
Price started making Higher highers
after a prolong downtrend
from 26 odd levels to 8 levels.
Looks good around 12-12.25
Stoploss 9
Tgt 17/23/26/34
Cmp 13.30
BUY - STEEL EXCHANGE IND
CMP - Rs. 16
Target - 1: Rs. 21
Target - 2: Rs. 32
Target - 3: Rs. 64
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Technicals -
1) Bullish Flag nearing a breakout.
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Fundamentals -
Steel Exchange India Limited (SEIL) is a leading manufacturer and supplier of a wide range of steel products in India. The company was established in 1999 and is headquartered in Hyderabad,...
DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days...
NSE:STEELXIND
please note that we are not a SEBI Registered Investor Adviser/PMS/ Broking House.
All the contents over here are for educational purposes only and are not investment advice or recommendations
offered to any person(s) with respect to the purchase or sale of the stocks / futures and options.
You are also requested to apply your prudence and consult...
#STEELXIND
Disclaimer : We are not Sebi registered analyst or Authorized analyst
The charts / Levels / Price projections are only for educational purpose.
This is our personal view, Pls consult your financial advisor before taking decision - Buy / Sell
We will be not responsible for your profit and Loss
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