STEEL AUTHORITY as on 07.10.2021
A GOOD CONSOLIDATION FROM APRIL 2021!
Forming a Descending triangle pattern!
Wait for a true breakout do check VOLUME!
50 EMA AND 200 EMA giving a good support!
And for intraday making same pattern!
TARGET PRICE=143/145
STOP LOSS= 113/111
And if breaks the consolidation then can hold for long!
TARGET AFTER CONSOLIDATION=185/190
(the above analysis is only for study purpose do not take it as any buy or sell call)
Forming a Descending triangle pattern!
Wait for a true breakout do check VOLUME!
50 EMA AND 200 EMA giving a good support!
And for intraday making same pattern!
TARGET PRICE=143/145
STOP LOSS= 113/111
And if breaks the consolidation then can hold for long!
TARGET AFTER CONSOLIDATION=185/190
(the above analysis is only for study purpose do not take it as any buy or sell call)
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