SCANSTL BREKOUT : TARGET 300%Hello Traders!
Got another stock from the steel sector that can be a multibagger (300%). The stock broke out above the 50ma, 6ma and the trendline as well which was acting as a dynamic resistance. Last week it closes with a fat green bullish candle: shows its momentum with rising volume.
Entry can be taken at current market price with a tiny Sl mentioned in the chart. I say tiny cuz the RR is huge i.e almost 1:13.
Position sizing is the most important part of trading to win I always mention. Rest if any guidance required; comment below.
DISCLAIMER : The analysis is only for sharing my view how I trade and not to be consider as trading recommendation.
