SHYAM METALICS – Breakout Zone Alert

209
Price is approaching a key resistance zone (~₹950) after breaking out of a descending channel with strong volume and RSI confirmation.
This setup indicates potential bullish continuation.

📌 Trade Plan:

Buy above ₹955

Stoploss: ₹915

Target 1: ₹1,010

Target 2: ₹1,065

Sell below: ₹915 (only if price rejects resistance with volume)

Reasoning:

Price broke long-term downtrend

Strong volume and RSI > 60

Clean resistance breakout in sight

For Education Purposes Only

Pernyataan Penyangkalan

Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.