✅ Resistance breakout + retest done ✅Taking support from lower levels ✅50 EMA is also supporting ✅Rise in volume+ RSI shows strength ✅Strong closing
-Broke resistance and retest done -taking support from lower levels -50 EMA is also supporting from lower levels -rise in volume + RSI shows strength
STEELCITY - CMP ₹74, Triangle breakout above 78. Consider adding on dips near breakout level. Caution: Avoid heavy quantities. Targets at ₹85, ₹90, ₹98++. Technical opportunity; for educational purposes only, not a buy/sell recommendation. Monitor for potential upward trends.
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Took very small pilot position.. Will wait for price to sustain above resistance to add further position.
this is swing trade analysis looks great volumes breakout
Rounding bottom formation on STEELCITY daily and weekly charts, forming a cup and handle pattern. Keep track on volumes brekout for trade confirmation.
Even in such weak market the stock did not fall which indicate strength Wave 2 is about to get over Wave 3 is waiting for us to ride Follow stop loss and enjoy
NSE:STEELCITY Levels are Mentioned in the chart... Good for Swing trading... Note: 1. Views are personal. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline not the big target... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it...
PRICE HAS BROKEN ITS ALLTIME HIGH..ITS IPO PRICE WAS ITS ALLTIME RESISTANCE..INTERESTINGLY STOCK BREACHED THAT LEVEL WITH GAPUP ...NOW WE CAN EXPECT THAT THIS GAP WILL ACT AS SUPPORT FOR FURTHUR JOURNEY..FOR LEARNERS.GODD TO OBSERVE THIS PRICE MECHANISM..
All broking companies are faring well but lesser known Steel City Securities, listed on the NSE, is available around PE of 10x only. The promoters have raised their stake by 6% and the company has declared 25% dividend. An attractive buy that have a multi-bagger potential.
1. After long down-trend : consolidation can be seen, which means trend is sideways...Once this range is broken, it lead to bigger up-move. 2. RSI & MACD confirms the BO every time. 3. Key aspects of consolidation : longer the consolidation, the bigger is movement on BO. Ascending Triangle Pattern.. 1. Flat top : bulls tried many time to break the ...
Steel City- Pole and Flag Pattern
Inverted head and shoulder pattern. Indicators are showing positive signals. Use every dips for the target. When looking fundamental, It can go more than that the above target level. Vijayaraghavan.K, Kovilpatti,Tuticorin dist.
Strong Support line around 34. Wait till 35 to enter.( 15-20 days) First Target - 44.( 1-3 Months after entry) SL - 32. ------------------------------------------------------------ Analysis is for discussion purpose. Invest at your own risk.
buy above 43.20 keep SL below 40