My view on the technicals of Steelcast. @hitesh2710 sir please correct me if any.
Long term trend is bullish. The 40 WMA/200 DMA is a nice support for long term.
The short term support is along the line from which the price bounced today. Let’s wait for the closing candle today
Heavy selling happened at the upper resistance area. High volume plus no price movement after a price jump suggests that. So lot of short term people are trapped around 540.
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