STEELX looks good for medium to long termSteelx looks good for medium to long term,stock is picking up momentum with some volume.
Note: Please consult your financial advisor before making any investments. This idea is only for educational purpose.
STEELXIND trade ideas
STEELXIND - Steel Exchange Ind - An Opportunity to BuyAs per previous chart history and present chart pattern, an opportunity is seen to Buy this stock above 13.70 for Safe Buying or you can buy at CMP or wait for a small reversal to test its nearest support or consolidation zone
Consolidation Zone in 1 H TF
Wait for reversal or Pullback from this zone
Buy When reversal starts
All points are mentioned on the chart itself, study all points before entering in the buy trade setup and Do your own research before buying this stock as I am not SEBI registered person
Thanks for your support as always
Steel Xchange IndiaLooking really good as the weekly candle closes above the Gann levels @14.7 (which is going to the SL just below this level)
Follow the blue horizontal levels for the respective targets and Trailing SLs
Steel exchange India weekly trend line breakout Weekly trend line break out with good volume build up
shared chart pattern and volume analysis for knowledge purpose.
If price respect level and don't close below 12 then maybe price up
If close below 12 , then short to medium term may we see BEARISH to sideway sentiments.
Here I share both side perspective, buying or selling it depend on you. Be for investment check financial.
RED Candle trick on weekly charts for learning - BacktestingRed candle breaks back-testing
I picked multiple stocks.
Checked for 3 weeks of data in back testing.
STEELXINDNSE:STEELXIND
please note that we are not a SEBI Registered Investor Adviser/PMS/ Broking House.
All the contents over here are for educational purposes only and are not investment advice or recommendations
offered to any person(s) with respect to the purchase or sale of the stocks / futures and options.
You are also requested to apply your prudence and consult your advisers in case you choose to act on
any such content available as WE claims no responsibilities for any of your actions or any outcome of
such action
STEELXINDNSE:STEELXIND
please note that we are not a SEBI Registered Investor Adviser/PMS/ Broking House.
All the contents over here are for educational purposes only and are not investment advice or recommendations
offered to any person(s) with respect to the purchase or sale of the stocks / futures and options.
You are also requested to apply your prudence and consult your advisers in case you choose to act on
any such content available as WE claims no responsibilities for any of your actions or any outcome of
such action
near horizontal resistance breakout in steelxindvolume breakout
horizonatl resistance breakout
higher low pattern
lower supportive trendline
favourable rsi with convergence
buy above 78 on closing basis
steel exchangeSteel Exchange India is India’s first online steel e-commerce portal established in 1999 and is dedicated to the Indian steel industry specifically and to steel as a whole. Steel Exchange India aims to be a global gateway to the Indian steel community and to steel. The company shall persevere to innovate through information technology to provide steel customers an efficient and transparent market place and to take the Indian steel industry to a new threshold of glory.
This platform is conceptualized and developed by Pyxis Technology Solutions and Vizag Profiles Group. It is associated to Visakhapatnam Steel Plant under a MOU for maintaining its site www.vizagsteel.com and the two sites are linked and exchange data. Steelexchangeindia has also signed an MOU with Steelnext, an associate company of Reliance Infocomm for furthering online steel trade in India.
Partners:
• Pyxis Technology Solutions
• Vizag Profiles
• Vizag Steel
• Institute for Steel Development & Growth
