NSE CASH INTRADAY – BUY MAH.

NSE CASH INTRADAY – BUY MAH. SEAMLESS ABOVE 375 TGT 381 387 393 SL 370

Maharashtra Seamless is in the steel –Tube& Pipe sector company. The company deals in the products like Seamless pipes, coating pipes and ERW pipes. We gave a buying call in it from a price of 375 to a target of 381. Following are the points on the basis of which we gave the call:-

• RSI crossover at 65.
• ADX above 40 indicates a strong buying trend.
• Breakout above the Ichimoku cloud.
• Above the 60 days EMA line.