Another Momentum Stock with a pull back trading opportunity. Ready to resume the upward movement.
MAHSEAMLES 948 | sl6% | target 12% good setup keep in watchlist for study use only
The co. has a market share of 55% in the seamless pipes segment and a market share of 18% in the API-certified, high-frequency ERW pipes segment. Revenue as FY22 Steel Pipes and Tubes: 95% Clientele Some esteemed clients of the Co include Indian Oil Corporation Ltd, BHEL, Reliance Industries Ltd, ISGEC, NTPC, Larsen & Toubro, and more, and Infrastructure...
@don4idea2007 Here is the current chart. Up 45% from the previous chart posted
Entry CMP Stop 506 Breakout trading implementation: 1. **Identifying New Trends:** Breakout trading helps traders identify the beginning of new trends by focusing on price levels where an asset breaks out of its historical trading range. 2. **Volatility Indicator:** Breakouts often occur when there's increased volatility in the market. Monitoring breakouts can...
The stock has been has been rising from the low from the beginning of the year. It has been consolidating for almost two months. Also we saw "SPRING" pattern during the re-accumulation. Relative Strength, Money Flow and Buying pressure all positive. Today the stock is trying to move out of the re-accumulation zone. A positive close with volume support above 502...
forming a symmetrical triangle pattern, keep in watch list for good move on triangle breakout
*Maharashtra Seamless Ltd.* C&H Pattern: Yrly Basis Price BreakOut, Good to Go!!! Vol. Consolidation & Continued Vol. BuiltUp. *With Upside, Trail SL* *Book Profit as per Risk Appetite* *Snapshot:* Estab. in ’88, part of DP Jindal Group. Mfg. Seamless Steel Pipes / Tubes. Also in Renewable Power Generation (59.5 MW). Prod. Capacity: SP (450,000 TPA) / ERW...
Manufacturer of : ERW Pipes - MS & Galvanized Pipes, API Line Pipes, OCTG, OCTG Casing Tubing. Seamless Pipes - Hot Finished Pipes & Tubes, Cold Drawn Tubes, Boiler Tubes, API Line Pipes, OCTG, OCTG Casing, and Tubing, OCTG Drill Pipe. Coated Pipes - 3LPE, FBE, 3LPP, Internal Coating, Premium Connections, Pipe Fittings. Company with good fundamentals - Except...
Maharashtra Seamless CMP 842 Target 890/950 SL 800 Swing trading strategy 1-2 months
MAHSEAMLESS NSE is bullish if 680 holds. NEW 52WEEK High. Fresh Breakout. Positive Trend. Disclaimer: Educational Purpose Only. Not Buy Sell Reco . Not Sebi Registered.
Buy @ 682 Qty 3 Stoploss 669 Strong setup extrem bullish setup added more during market close
good breakout after long consolidation.. risk to reward is good
NSE:MAHSEAMLES The video is self-explanatory. Add this stock to your watchlist. Aim for 5-8% if it breaks the trend line as it can be easily achievable in 1-3 days. My belief is to choose high winning probability trade with a risk-reward ratio going from 1:1 to 1:2. The reason for booking profit of only 4-8% is because the market direction is not sure at this...
New position long @ 540.30 Swing Trade Stop 1% Not A trade advise
The stock has broken out and retest therefore may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby. Risk Reward Ratio - 2:1 SL is placed below support zone, 200 EMA & the lower trendline. The target is placed near resistance.
Price was rejecting from these levels continuously making red candles during the process for 3 weeks. Finally now price has given breakout with bullish momentum creating green candle with good volume. Target - Might make crazy move like it did last month or at least 10% that would be 580 . Stoploss - Below today's candle 506
The stock BO'd yesterday with good volumes..the only concern is that this stock has sporadic momentum ( see green volume bars highlighted by arrows), although of late it has had some good sessions...targets marked. Trade cautiously. This is not a recommendation, just an idea