Positional Buy.... the earnings report were good and the the second half seems to be good for the company with restrictions on China, demand for local steel should boost the sales. Technically we can see the stock has taken support of upward and downward trendline ... Buy for a final target of Rs.400 with Stop loss of Rs.295
Note
All targets achieved and the stock has surpassed all levels. Trading at Rs. 418. The stock has generated fantastic returns... hope you guys have enjoyed trading..
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.