Uttam Galwa Steel ? What is the future ??

#1
Hi All,

I bought Uttam Steel at 39.40 some days back. Can anybody tell me the future of this scrip. Shall I dispose it off or wait for some more time.

Zen
 
#3
zen_monk said:
Hi All,

I bought Uttam Steel at 39.40 some days back. Can anybody tell me the future of this scrip. Shall I dispose it off or wait for some more time.

Zen
Hi Zen,

Forming a descending triangle on the weekly which is bearish.Still forming lower pivot lows and highs on the weekly which is bearish.Break of 34.5 is confirmation of more downside.Not looking too good when an assessment is made today.The time to buy in this stk is not yet here.I'd put a stop at 34 and take no more pain.

Saint
 

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