Swing Trade Idea: Vardhman Special Steels Ltd (NSE: VSSL)
Technical Setup
Ascending Triangle Breakout on Daily Timeframe
Volume Spike 4x average volume on breakout day — strong institutional confirmation.
both the EMAs Bullish crossover (Price trading above both the EMAs).
RSI showing bullish momentum (60-65).
Price Action Strategy
Price broke out from resistance zone with strong bullish candle and closed near the high.
Previous resistance of ₹270 now acts as support.
Fundamentals
Promoter Holding: High, backed by Aichi Steel (Toyota Group).
Debt/Equity: Low (~0.12) → Strong solvency.
Strong financials: ROE / ROCE ~12.4% / ~17.8%
Revenue Growth: Consistent YoY
Valuation: Reasonable P/E (~18–20x)
My View: Entered at breakout with strong confirmation. Trail SL and book profits step-by-step. Holding for higher targets as long as price respects 9 EMA.
Ascending Triangle Breakout on Daily Timeframe
Volume Spike 4x average volume on breakout day — strong institutional confirmation.
both the EMAs Bullish crossover (Price trading above both the EMAs).
RSI showing bullish momentum (60-65).
Price Action Strategy
Price broke out from resistance zone with strong bullish candle and closed near the high.
Previous resistance of ₹270 now acts as support.
Fundamentals
Promoter Holding: High, backed by Aichi Steel (Toyota Group).
Debt/Equity: Low (~0.12) → Strong solvency.
Strong financials: ROE / ROCE ~12.4% / ~17.8%
Revenue Growth: Consistent YoY
Valuation: Reasonable P/E (~18–20x)
My View: Entered at breakout with strong confirmation. Trail SL and book profits step-by-step. Holding for higher targets as long as price respects 9 EMA.
Dagangan aktif
Price gave a fake breakdown from triangle support but quickly reclaimed ₹260 on strong volume — a bullish sign.Price reclaimed 9 EMA and showing strength.
Volume: Rising: confirms accumulation.
Entry zone: 260 (above 9EMA)
TG : 290
SL : 254
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.