Steel Exchange India - 3 monthsSteel Exchange India - 3 months
1) Gradual HH HL
2) Volume Increase
3) PAttern formation done
Ready to explode atleast 5 times. CMP 12.80
STEELXIND trade ideas
Breakout in Steel Exchange Descending Triangle Breakout
RSI above 60 and rising
Trading above EMA50
Volume increasing
Disc: for study, not a recommendation
Steel Xchange - SG Bhago volume constriction type 3Steel Xchange - SG Bhago volume constriction type 3
1) Inverted HSH
2) VOlume giving bright signals
3) See if momentum able to break the support
STEELXIND Channel & Falling Wedge BreakOutSteelxind had earlier given a channel breakout on 1D timeframe with higher volumes. It started consolidation after breakout and is now attempting to breakout from a falling wedge pattern on 1D timeframe. Go long after bullish closing confirmation. Follow stop loss rules.
Steel exchange of indiaSteel exchange of india trading above 50 ema
Good to excellent result
making profit , came from loss to profit
keeep in radar
Parallel Channel Breakout and Retest with Strong Marubozu Candle- Symbol: Steel Exchange India
- Pattern: Parallel Channel Breakout
- Retest: Retest of breakout level completed
- Candlestick: Forming a strong Marubozu candle in the daily timeframe
- RSI: RSI at support level, indicating positive momentum
STEELXIND broke the ressitance zoneSTEELXIND 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.
Resistance BreakoutPlease 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 for long term.
3 Amazing swing trading ideas for 29 January Markets I daily make educational content videos for swing / positional trading
This Penny Stock Is Going To Double In Next few Months -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
steelxind swing trade
📈 #Steelxind update: Trendline breakout ✅ Retest done ✅ 200 EMA support on weekly amidst huge volumes. Bullish momentum intact. #TechnicalAnalysis #Trading
WEDGE BREAK OUT STEELXINDWedge breakout and retest done,so can go for buy for long term which is almost has potential of 95% returns.
#Steelxin cash : Looking good around 12-12.25 zone#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
SEIL - 300% RETURNS + SWOT ANALYSIS !!!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, Telangana. SEIL is listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).
1) Financial Performance:
SEIL's revenue for the fiscal year 2020-2021 was INR 4,705.85 million, up from INR 4,176.54 million in the previous year. Its net profit for the same period was INR 70.24 million, up from INR 28.57 million in the previous year. The company's EBITDA margin for the fiscal year 2020-2021 was 7.32%, up from 6.63% in the previous year.
2) Strengths:
a) Diversified product portfolio: SEIL offers a wide range of steel products including TMT bars, wire rods, billets, and sponge iron, catering to the needs of various industries such as construction, infrastructure, and automobile.
b) Strong distribution network: SEIL has a wide distribution network of more than 500 dealers and distributors spread across India, enabling it to reach a large customer base effectively.
c) Focus on sustainability: SEIL has a significant focus on sustainability, with its manufacturing plants being energy-efficient and environmentally friendly.
d) Strong financial performance: SEIL has consistently delivered strong financial performance, with steady revenue growth and improving profitability.
3) Weaknesses:
a) Dependence on the domestic market: SEIL's operations are primarily concentrated in India, making it vulnerable to the economic and political conditions in the country.
b) Exposure to raw material price volatilities: SEIL is exposed to the price volatilities of raw materials such as iron ore and coal, which can impact its profitability.
c) Intense competition: SEIL operates in a highly competitive market, facing competition from both domestic and international players.
4) Opportunities:
a) Growth in the construction and infrastructure sector: With the Indian government's focus on infrastructure development, SEIL can benefit from the growth in the construction and infrastructure sector.
b) Increasing demand for steel: The demand for steel in India is expected to increase in the coming years, driven by various factors such as urbanization, industrialization, and increasing disposable income.
c) Expansion into international markets: SEIL can explore opportunities to expand its operations into international markets, leveraging its strong product portfolio and distribution network.
5) Threats:
a) Economic and political instability: Any economic or political instability in India can impact SEIL's operations and financial performance.
b) Regulatory changes: Any changes in the regulatory environment can impact SEIL's operations and profitability.
c) Fluctuations in foreign exchange rates: SEIL's exposure to foreign exchange rate fluctuations can impact its profitability.
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This is just a view by an expert analyst, please trade at your own risk.
BUY TODAY SELL TOMORROW for 5% 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 and the rest of the time they either consolidate or fall
Resistance Breakout in STEELXIND
BUY TODAY SELL TOMORROW for 5%
STEELXINDNSE: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 your advisers in case you choose to act on
any such content available as WE claims no responsibilities for any of your actions or any outcome of
such action
Steel Xchng re accumulationSteel exchange is consolidating with MM's VCP pattern. Near term target 300.
Steelxind #vcp PowerPlay buySteelxind #vcp PowerPlay buy as pre levels
building nice base very tight at right size
#STEELXIND#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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Trade Opportunity - Steel Exchange indiaPls follow proper risk management while trading.( Follow SL strictly )
