Bullish engulfing pattern: Uptrend with jump in volumes appeared on 05.1.2018; Analysed on 07.01.2018: CMP 46.40 Weekly Daily ADX = 22 32 +DI = 37 40 -DI = 11 9 + DI crossed -DI on weekly charts on 22.12.2017 Stock in positive uptrened Stop Loss of 41 on daily closing basis for targets upto 60
Looking good on charts, good positive indication from many indicators. Can be bought with strict stop loss
Good positive indication from many indicators. Steel going through lowest cycle.