Kalyani Steels has given a Triangle break out a daily chart Pattern with double volumes.
One can look at the stock if it sustains above 385 for Target of 400 and sequential target of 419 in a 2 weeks.
Overall Steel sector looks good due to govt. Policy of Anti Dumping Duty on Imports for 5 years. On Back of it it can go to 500 in 6 months time.
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| Kalyani Steel Breakout Daily Chart |
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| Kalyani Steel Breakout Weekly Chart |
Disclosure: Not invested in this stock, these charts are only for Study and Learning as I am a novice learning technical analysis on my own.
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