Tradernawab

sswl, will go long

Long
NSE:SSWL   STEEL STRIPS WHEEL
sswl technical analysis on weekly chart- cmp is 491, stock has been consolidating in a narrow channel (see rsi chart) . with the huge volume accumulation since april , we may expect a good move ahead above 518, if goes down then accumulate it at 440. 45.69 is an important level , rsi has come above this after a long time . last time stock was present at this level in sep ,18. long consolidation period in stock brings good move along with it after breakout . with large no of orders in its bag and huge volume on chart it should perform well in future. wait for channel break. target would be 650,700

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