The valuation of the stock has been diminishing due to overall weakness in steel sector. The RED level marked is a retracement zone of 61.8 and previous strong resistance level where selling can be seen.
Keep a close eye on the 1140-1145 level and if we could find any weakness at that level then it will be a safe bet to sell this one.
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.