VSSL trade ideas
Swing Trade Idea: Vardhman Special Steels Ltd (NSE: VSSL)Technical Setup
Ascending Triangle Breakout on Daily Timeframe
Volume Spike 4x average volume on breakout day — strong institutional confirmation.
both the EMAs Bullish crossover (Price trading above both the EMAs).
RSI showing bullish momentum (60-65).
Price Action Strategy
Price broke out from resistance zone with strong bullish candle and closed near the high.
Previous resistance of ₹270 now acts as support.
Fundamentals
Promoter Holding: High, backed by Aichi Steel (Toyota Group).
Debt/Equity: Low (~0.12) → Strong solvency.
Strong financials: ROE / ROCE ~12.4% / ~17.8%
Revenue Growth: Consistent YoY
Valuation: Reasonable P/E (~18–20x)
My View: Entered at breakout with strong confirmation. Trail SL and book profits step-by-step. Holding for higher targets as long as price respects 9 EMA.
Vardhman Special Steels Ltd - Breakout Setup, Move is ON...#VSSL trading above Resistance of 305
Next Resistance is at 355
Support is at 226.50
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Vssl stock weekly technical analysis *Just sharing my view
- In this stock ABCD PATTERN complete and price so some weakness,
And volume & price opposite means volume and price between Divergence show.
-----Price break trend line show more weakness, 1st support is near 180.
-----Also time cycle end means reversal start.
----If you're view different from mine tell me in comments.
# This is just technical analysis of stock not covered any fundamentals or news.#
VSSLVSSL:- Stock has formed cup and handle pattern, plan something only after breakout till then keep an eye on the stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
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
Trendline Breakout in VSSL
BUY TODAY SELL TOMORROW for 5%
Vardhman Special Steels LimitedVSSL:- The stock has given a breakout by forming an ascending triangle pattern, keep your eye on the stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
VSSL - Ichimoku Bullish Breakout Stock Name - Vardhman Special Steels Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 407
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
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VARDHMAN STEEL is SPECIAL !Market Cap 1,111 Cr.
Promoter holding 60.8 %
Pledged 0%
Dividend Yield 1.25 %
Intrinsic Value 483
Stock P/E 10.4
Industry P/E 18.2
Debt to equity 0.26
ROCE 25.7 %
ROE 19.8 %
OPM 9.74 %
EBIDT growth 3Years 42.9 %
Free Cash Flow 24.2 Cr.
EPS 26.4 vs EPS last year 24.8 vs EPS preceding year 10.9
Vardhman Special Steels is engaged in manufacturing of Billets, Steel bars & Rods and Bright Bars of various categories of special and alloy steels since 1973 which caters to sectors such as Engineering, Automotive, Tractor, Bearing and Allied Industries.
The Co is amongst India’s Leading Steel Bar Producers for Automotive Applications.
The Co. has the capacity to manufacture 2 lakh TPA of steel billets and also 2 lakh TPA of steel rolled products. It has received approval from the Ministry of Environment for expanding its rolled-products capacity from 2 lakh TPA to 2.80 lakh TPA. The Co. invested Rs. 35 crore in capital expenditure in its unit. The most important among them was the modifications made to the Continuous Casting Machine (CCM) which has increased its melting capacity from 2 lakh TPA to 2.60 lakh TPA
The Co. sold 1.7 lakh tonnes in FY22 against 1.5 lakh tonnes in FY21.
The Co. has strong relations with 200+ customers like Toyota, Hero Moto Corp, Caterpillar, Hino Motors, Maruti, Bajaj, and Hyundai, among others. Its top 5 clients contribute about 30% of total revenue and about 70-75% of the contribution coming from passenger vehicles and two-wheelers.The Co also caters to international customers and has a presence in countries like Thailand, Taiwan, Turkey, Russia, Germany and Spain.In FY22, 5% of total sales came from exports.
Vardhman Special Steel - Near BreakoutManufactures of basic iron & steel .A low debt company with zero promoter pledge .Now in new 52 week high with significant volume . Trying to break the 10 month long channel resistance line. If it escapes from its nearly 1 year old channel band , then expecting a good move after retesting
This specialty steel player looks promising!NSE:VSSL
Vardhaman Special Steels Limited is engaged in the manufacturing of billet, steel bars and rods, and bright bars of various categories of special and alloy steels.
The company boasts of excellent profit 5-year CAGR!
Technically a high volume breakout showing on the charts and is nearing all time high!
Source: tickertape.in, screener.in
Disclaimer: only for research and educational purposes