Siddharth_24

Siddharth_24

Here Mandi steel long chart is near to multiyear support zone. Circle mark A: It has drifted bellow support and bounced back. Circle mark B: Market bounce back above support and sustaining. Technically both has equal importance, any of one will decide the fate for medium term.

Siddharth_24

LME Steel scrap CFR Turkey Scrap showing some price spike. Breakout from the range and showing positive momentum. These break is lead by higher oil price and OPEC+ production cut news. Now we have to look for the breakout strength

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Siddharth_24

Market is in up trend and such big move on opposite side gives chance to make awesome return in the direction of trend...

Siddharth_24

Fundamental: Result is coming out in near term so almost flat to slight positive result expected as per Pre-result reports Technical: Underlying has formed bottom near previous low and form double bottom like structure and provide health up side up to range top. Down side is limited at 1375 level and expect 8-10% up move in coming days. We can also plan to...