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#STEELXIND (Cmp: 237.75)

Stock has formed pennant flag and pole pattern and closed near its resistance level on a daily chart. Positional traders can accumulate at current price to lower dips upto 230 level. Expecting upside move upto 260-300+ level in coming trading session with the help of 200 as a support.

Short term traders can hold for 400-420+ level

(Safetraders trade with small quantity)

Disclaimer: Above provided view & recommendation is posted for educational purpose. There is a risk of loss in investing or trading in securities (cash or futures or options) which you should be aware of prior to making an investment/trading decision, including the possible loss of principal. You are responsible for all investment decisions you make including understanding the risks involved, even if it is based on information. Therefore. before taking any financial decision you are requested to consult with a financial expert.