50 SMA Rising- Positional TradeDisclaimer: I am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
Its 50 SMA Rising Strategy. Suitable for Positional Trading Initial Stop loss lowest of last 2 candles and keep trailing with 50 days SMA if price close below 50 SMA then Exit or be in the trade some time trade can go for several months.
Be Discipline because discipline is the Key to Success in the STOCK Market.
Trade What you see not what you Think
Penny stock are Risky and Easy to Manipulate check the Fundamentals of Company before investing
SALSTEEL trade ideas
SAL Steel LtdSAL Steel Ltd
C&H Pattern: Yearly Basis
C&H / Yearly Price Trendline: Strong BreakOut.
Strong Vol. BreakOut. Need to Sustain
*With Upside, Trail SL*
*Book Profit as per Risk Appetite*
*Snapshot*
Engaged in Mfg.: Sponge Iron / Ferro Alloy. Also has Power Generation Capacity of 40 MW.
Likely Issue of Preferential issue of Share Boosting TNW.
Benefitting from +ve Steel Industry Upside. Likely to Continue.
Sharp improvement in Sales / Profitability
Improving RoA/RoE/RoCE since Mar’20.
CF +ve since FY20. Improving WC Cycle (Sharp Decline in Receivables for FY22).
Only Tax Related Contingent Liabilities at Rs.34 Crs for FY22.
Stable Promoter Stake at 50.56%
*Concern:*
Pledged Promoter Stake.
Eroded Reserves / High Leverage.
*Do Your Own Research as Well. This is Just an Opinion.*
Happy Investing :)